Natixis Advisors LLC Has $19.24 Million Stock Position in Carlyle Group Inc. $CG

Natixis Advisors LLC lowered its stake in Carlyle Group Inc. (NASDAQ:CG) by 18.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 325,446 shares of the financial services provider’s stock after selling 74,412 shares during the period. Natixis Advisors LLC’s holdings in Carlyle Group were worth $19,238,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WFA of San Diego LLC acquired a new position in shares of Carlyle Group during the 2nd quarter worth approximately $26,000. Bernard Wealth Management Corp. acquired a new position in shares of Carlyle Group during the 4th quarter worth approximately $30,000. Quarry LP acquired a new position in shares of Carlyle Group during the 3rd quarter worth approximately $33,000. Brown Brothers Harriman & Co. acquired a new position in shares of Carlyle Group during the 3rd quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling at Carlyle Group

In related news, Director David M. Rubenstein sold 500,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the sale, the director owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 25.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CG shares. Barclays decreased their target price on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Royal Bank Of Canada downgraded shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target for the company. in a report on Monday, May 11th. Weiss Ratings downgraded shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Morgan Stanley cut their price target on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group has an average rating of “Hold” and an average target price of $62.00.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $43.48 on Friday. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.49 and a beta of 1.84. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The firm has a 50 day simple moving average of $47.82 and a 200 day simple moving average of $53.27. Carlyle Group Inc. has a one year low of $41.54 and a one year high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. Carlyle Group’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. Research analysts predict that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. Carlyle Group’s payout ratio is currently 95.89%.

Carlyle Group Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.