Natixis Advisors LLC Has $6.10 Million Position in Carlyle Group Inc. (NASDAQ:CG)

Key Points

• Natixis Advisors LLC significantly increased its stake in Carlyle Group Inc. by 159.8%, owning 139,983 shares valued at approximately $6.10 million after acquiring 86,105 additional shares.
• Wall Street analysts have varying ratings for Carlyle Group, with TD Cowen upgrading the stock to a "buy" with a target price of $56.00, while other firms like Morgan Stanley have set lower price targets.
• Carlyle Group recently announced a quarterly dividend of $0.35 per share, translating to an annualized payout of $1.40 and a dividend yield of 2.2%.

Natixis Advisors LLC grew its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 159.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,983 shares of the financial services provider's stock after buying an additional 86,105 shares during the period. Natixis Advisors LLC's holdings in Carlyle Group were worth $6,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CG. Main Street Group LTD bought a new position in Carlyle Group during the fourth quarter worth about $29,000. Whipplewood Advisors LLC lifted its holdings in shares of Carlyle Group by 5,100.0% during the 1st 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 in the last quarter. LRI Investments LLC acquired a new position in shares of Carlyle Group in the 4th quarter valued at approximately $32,000. Private Trust Co. NA raised its holdings in Carlyle Group by 101.9% during 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 during the period. Finally, Johnson Financial Group Inc. bought a new position in Carlyle Group in the fourth quarter valued at approximately $48,000. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CG. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a report on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Morgan Stanley decreased their target price on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Barclays reissued an "overweight" rating and set a $64.00 price target (up from $49.00) on shares of Carlyle Group in a research report on Thursday, July 10th. Finally, JMP Securities lifted their target price on Carlyle Group from $58.00 to $70.00 and gave the company a "market outperform" rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $57.73.

Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $2.80 during midday trading on Wednesday, hitting $62.90. 4,130,096 shares of the company's stock were exchanged, compared to its average volume of 2,490,068. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $63.74. The company's 50 day moving average price is $53.26 and its 200 day moving average price is $48.00. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $22.72 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.90.

Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Carlyle Group's dividend payout ratio (DPR) is currently 47.46%.

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.