Natixis Advisors LLC Sells 162,595 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Natixis Advisors LLC lessened its stake in The Carlyle Group Inc. (NASDAQ:CG) by 91.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,407 shares of the financial services provider’s stock after selling 162,595 shares during the quarter. Natixis Advisors LLC’s holdings in The Carlyle Group were worth $619,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tobam bought a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $27,000. SYSTM Wealth Solutions LLC bought a new position in The Carlyle Group in the first quarter valued at $34,000. Blue Trust Inc. lifted its position in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. Barclays cut their price target on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Redburn Atlantic began coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th. Finally, TD Cowen lifted 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $45.81.

The Carlyle Group Stock Up 2.7 %

Shares of NASDAQ CG opened at $38.77 on Friday. The stock has a market capitalization of $13.95 billion, a P/E ratio of -21.66, a PEG ratio of 1.12 and a beta of 1.73. The stock’s fifty day moving average is $41.86 and its 200 day moving average is $43.13. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $50.92. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The Carlyle Group’s quarterly revenue was up 131.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Sell-side analysts forecast that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 78,180 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $39.94, for a total value of $3,122,509.20. Following the completion of the transaction, the insider now owns 8,441,022 shares of the company’s stock, valued at $337,134,418.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 2,069,315 shares of company stock valued at $75,483,527. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group 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.