AEGON ASSET MANAGEMENT UK Plc Has $19.14 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

AEGON ASSET MANAGEMENT UK Plc trimmed its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 379,064 shares of the financial services provider’s stock after selling 14,404 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in The Carlyle Group were worth $19,139,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CG. Fifth Third Bancorp raised its stake in The Carlyle Group by 53.9% during the fourth quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 337 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in The Carlyle Group during the 4th quarter worth $589,000. Nisa Investment Advisors LLC increased its holdings in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Zhang Financial LLC raised its holdings in The Carlyle Group by 8.1% in the 4th quarter. Zhang Financial LLC now owns 13,833 shares of the financial services provider’s stock valued at $698,000 after buying an additional 1,035 shares during the last quarter. Finally, Guinness Asset Management LTD grew its position in shares of The Carlyle Group by 42.8% in the 4th quarter. Guinness Asset Management LTD now owns 13,719 shares of the financial services provider’s stock valued at $693,000 after buying an additional 4,113 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Down 0.2 %

The Carlyle Group stock opened at $56.83 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $20.33 billion, a P/E ratio of 195.97, a P/E/G ratio of 0.99 and a beta of 1.69. The firm has a 50 day moving average price of $52.49 and a 200-day moving average price of $47.45. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.34.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities analysts predict that The Carlyle Group Inc. will post 3.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CG shares. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. TD Cowen boosted their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Barclays raised their target price on The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price target on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.44.

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.