National Bank of Canada FI Decreases Stock Holdings in Carlyle Group Inc. (NASDAQ:CG)

Key Points

• National Bank of Canada FI has significantly reduced its stake in Carlyle Group, selling 1,128,975 shares and now holds 189,791 shares, approximately 0.05% of the company.
• Several brokerages have raised their price targets for Carlyle Group, with JMP Securities increasing it from $58.00 to $70.00 and Barclays raising it to $74.00.
• The Carlyle Group announced a quarterly dividend of $0.35 per share, which represents an annualized yield of 2.2%, with the payout ratio currently at 40.94%.

National Bank of Canada FI lessened its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 85.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,791 shares of the financial services provider's stock after selling 1,128,975 shares during the period. National Bank of Canada FI owned 0.05% of Carlyle Group worth $8,272,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC lifted its stake in Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 561 shares during the last quarter. Private Trust Co. NA lifted its position in Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after buying an additional 321 shares in the last quarter. Main Street Group LTD acquired a new position in shares of Carlyle Group during the 4th quarter worth $29,000. LRI Investments LLC acquired a new position in shares of Carlyle Group during the 4th quarter worth $32,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Carlyle Group by 117.2% during the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock worth $43,000 after purchasing an additional 525 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JMP Securities increased their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a report on Thursday. Keefe, Bruyette & Woods increased their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Jefferies Financial Group increased their price target on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $59.60.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.30% of the stock is owned by corporate insiders.

Carlyle Group Price Performance

NASDAQ:CG traded down $1.05 during mid-day trading on Friday, hitting $63.86. 1,831,155 shares of the stock traded hands, compared to its average volume of 2,519,730. The company has a quick ratio of 2.36, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $65.97. The company has a market cap of $23.10 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.90. The business's 50-day moving average price is $56.15 and its 200 day moving average price is $48.39.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 18th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, August 18th. Carlyle Group's dividend payout ratio is currently 40.94%.

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.