AEGON ASSET MANAGEMENT UK Plc Sells 6,705 Shares of The Carlyle Group Inc. (NASDAQ:CG)

AEGON ASSET MANAGEMENT UK Plc cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.7% during the third quarter, Holdings Channel.com reports. The fund owned 393,468 shares of the financial services provider’s stock after selling 6,705 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in The Carlyle Group were worth $16,943,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CG. Capital International Investors bought a new stake in The Carlyle Group in the 1st quarter valued at $142,511,000. Boston Partners purchased a new stake in shares of The Carlyle Group in the first quarter worth about $109,122,000. Massachusetts Financial Services Co. MA grew its holdings in The Carlyle Group by 17,468.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after buying an additional 1,705,982 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of The Carlyle Group during the 2nd quarter worth approximately $37,009,000. Finally, William Blair Investment Management LLC boosted its position in shares of The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after acquiring an additional 721,608 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CG shares. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. Evercore ISI increased their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, UBS Group lifted their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and an average target price of $52.87.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 1,676,014 shares of company stock worth $3,687,196 in the last 90 days. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Stock Down 0.0 %

Shares of NASDAQ:CG opened at $52.33 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The business’s 50 day moving average is $45.62 and its 200 day moving average is $43.46. The stock has a market cap of $18.65 billion, a P/E ratio of -46.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The Carlyle Group Inc. has a 52-week low of $29.29 and a 52-week high of $54.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. During the same period in the previous year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Sell-side analysts predict that The Carlyle Group Inc. will post 3.71 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.68%. The Carlyle Group’s dividend payout ratio (DPR) is presently -125.00%.

The Carlyle Group Company Profile

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.