The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 77.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,424 shares of the financial services provider's stock after selling 851,160 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of The Carlyle Group worth $10,037,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. William Blair Investment Management LLC raised its stake in The Carlyle Group by 65.9% in the 3rd quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider's stock valued at $267,743,000 after acquiring an additional 3,524,794 shares during the period. Ariel Investments LLC raised its stake in The Carlyle Group by 16.9% in the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider's stock worth $191,954,000 after purchasing an additional 918,114 shares in the last quarter. FMR LLC grew its position in shares of The Carlyle Group by 11.0% during the 3rd quarter. FMR LLC now owns 2,134,653 shares of the financial services provider's stock worth $64,381,000 after purchasing an additional 211,210 shares in the last quarter. Northern Trust Corp increased its holdings in shares of The Carlyle Group by 1.3% during the third quarter. Northern Trust Corp now owns 1,571,464 shares of the financial services provider's stock worth $47,395,000 after buying an additional 20,915 shares in the last quarter. Finally, LGT Capital Partners LTD. boosted its holdings in shares of The Carlyle Group by 1.5% during the 4th quarter. LGT Capital Partners LTD. now owns 1,420,500 shares of the financial services provider's stock valued at $57,800,000 after acquiring an additional 20,500 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

NASDAQ CG traded up $0.89 during trading hours on Thursday, reaching $42.37. 1,189,972 shares of the company were exchanged, compared to its average volume of 2,277,957. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $15.34 billion, a P/E ratio of -23.59, a P/E/G ratio of 1.01 and a beta of 1.77. The Carlyle Group Inc. has a 1 year low of $25.47 and a 1 year high of $48.52. The business's 50 day simple moving average is $45.59 and its 200-day simple moving average is $40.37.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. During the same period in the previous year, the company posted $0.63 earnings per share. The business's revenue was up 35.6% on a year-over-year basis. On average, equities research analysts expect that The Carlyle Group Inc. will post 3.94 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, May 13th. The Carlyle Group's dividend payout ratio (DPR) is presently -78.21%.

Analysts Set New Price Targets

CG has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on The Carlyle Group from $34.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. UBS Group lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. JMP Securities boosted their target price on The Carlyle Group from $52.00 to $58.00 and gave the company a "market outperform" rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. Finally, TheStreet cut The Carlyle Group from a "b-" rating to a "c" rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, The Carlyle Group has an average rating of "Hold" and a consensus price target of $45.60.

The 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.