The Carlyle Group Inc. (NASDAQ:CG) Position Lowered by National Bank of Canada FI

National Bank of Canada FI lowered its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 77.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,424 shares of the financial services provider’s stock after selling 851,160 shares during the quarter. National Bank of Canada FI’s holdings in The Carlyle Group were worth $10,037,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. William Blair Investment Management LLC lifted its holdings in The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after acquiring an additional 3,524,794 shares during the last quarter. SeaTown Holdings Pte. Ltd. bought a new position in The Carlyle Group during the 3rd quarter worth $29,949,000. Ariel Investments LLC increased its position in The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after buying an additional 918,114 shares during the period. Wafra Inc. grew its position in shares of The Carlyle Group by 295.8% during the third quarter. Wafra Inc. now owns 942,083 shares of the financial services provider’s stock worth $28,413,000 after acquiring an additional 704,036 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new stake in The Carlyle Group in the 3rd quarter valued at about $16,678,000. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CG shares. Oppenheimer dropped their price target on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. JMP Securities boosted their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group reduced their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and an average price target of $44.73.

The Carlyle Group Price Performance

CG stock opened at $41.48 on Thursday. The Carlyle Group Inc. has a one year low of $25.47 and a one year high of $48.52. The firm has a 50-day moving average of $45.59 and a two-hundred day moving average of $40.37. The firm has a market capitalization of $15.02 billion, a PE ratio of -23.17, a P/E/G ratio of 1.01 and a beta of 1.77. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. On average, analysts forecast that The Carlyle Group Inc. will post 3.94 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.38%. The ex-dividend date is Monday, May 13th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

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.