The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 30.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 268,595 shares of the financial services provider's stock after selling 118,737 shares during the period. Assenagon Asset Management S.A. owned approximately 0.07% of The Carlyle Group worth $11,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC boosted its holdings in The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider's stock worth $1,797,000 after buying an additional 208 shares in the last quarter. Tobam boosted its stake in shares of The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider's stock worth $38,000 after acquiring an additional 220 shares in the last quarter. Retirement Planning Co of New England Inc. increased its stake in shares of The Carlyle Group by 2.5% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 271 shares in the last quarter. Western Pacific Wealth Management LP raised its holdings in The Carlyle Group by 14.7% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider's stock worth $115,000 after purchasing an additional 313 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in The Carlyle Group by 0.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider's stock worth $2,484,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Trading Up 1.4 %

Shares of CG traded up $0.70 during midday trading on Monday, reaching $50.92. The company had a trading volume of 1,044,569 shares, compared to its average volume of 2,314,273. The firm has a 50 day simple moving average of $43.64 and a 200-day simple moving average of $43.04. 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 stock has a market cap of $18.33 billion, a PE ratio of -28.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $52.73.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The Carlyle Group's revenue for the quarter was up 131.5% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. Research analysts forecast that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 169,467 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $42.10, for a total value of $7,134,560.70. Following the sale, the insider now directly owns 8,724,346 shares in the company, valued at approximately $367,294,966.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 2,206,710 shares of company stock worth $25,163,209. Company insiders own 27.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CG shares. TD Cowen upped their target price on The Carlyle Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, August 6th. Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a "buy" rating and a $55.00 price objective for the company. Oppenheimer lifted their target price on shares of The Carlyle Group from $64.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods decreased their price target on shares of The Carlyle Group from $48.00 to $46.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 6th. Finally, JMP Securities reissued a "market outperform" rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $51.33.

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.