National Bank of Canada FI Sells 1,128,975 Shares of 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 trimmed its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 85.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,791 shares of the financial services provider's stock after selling 1,128,975 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Carlyle Group worth $8,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Main Street Group LTD bought a new position in shares of Carlyle Group in the fourth quarter worth about $29,000. Whipplewood Advisors LLC increased its position in Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after buying an additional 561 shares during the period. LRI Investments LLC bought a new stake in shares of Carlyle Group in the fourth quarter valued at approximately $32,000. Private Trust Co. NA increased its position in Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after acquiring an additional 321 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in Carlyle Group in the 4th quarter valued at $48,000. Institutional investors own 55.88% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the sale, the general counsel owned 753,255 shares of the company's stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 26.30% of the stock is owned by insiders.

Carlyle Group Stock Performance

NASDAQ:CG traded down $0.52 during mid-day trading on Thursday, reaching $64.91. 2,033,101 shares of the company's stock were exchanged, compared to its average volume of 2,566,768. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.36 and a current ratio of 2.24. The firm has a market capitalization of $23.48 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.90. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $65.97. The business's fifty day simple moving average is $55.80 and its two-hundred day simple moving average is $48.40.

Carlyle Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Evercore ISI lifted their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Barclays restated an "overweight" rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Citigroup restated an "outperform" rating on shares of Carlyle Group in a research report on Thursday. Wells Fargo & Company increased their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Jefferies Financial Group boosted their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $59.19.

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.