Assenagon Asset Management S.A. Acquires 148,670 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Assenagon Asset Management S.A. increased its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 62.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 386,195 shares of the financial services provider’s stock after buying an additional 148,670 shares during the period. Assenagon Asset Management S.A. owned 0.11% of The Carlyle Group worth $16,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Arizona State Retirement System raised its position in shares of The Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after buying an additional 220 shares in the last quarter. Aviva PLC boosted its stake in shares of The Carlyle Group by 1.3% during the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of The Carlyle Group by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock valued at $2,353,000 after purchasing an additional 258 shares in the last quarter. O ROURKE & COMPANY Inc boosted its stake in shares of The Carlyle Group by 1.5% during the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider’s stock valued at $908,000 after purchasing an additional 266 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in The Carlyle Group by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,229 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 296 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Price Performance

CG stock opened at $46.19 on Friday. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average price of $42.04 and a 200 day moving average price of $47.05. The stock has a market cap of $16.68 billion, a PE ratio of 16.62, a P/E/G ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The company had revenue of $973.10 million during the quarter, compared to analysts’ expectations of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 EPS. Equities research analysts anticipate that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a $0.35 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The Carlyle Group’s dividend payout ratio is currently 47.46%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CG. Wall Street Zen cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Citigroup reduced their target price on shares of The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Morgan Stanley decreased their price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, Barclays raised their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $53.00.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.