Natixis Advisors LLC Decreases Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Natixis Advisors LLC cut its position in The Carlyle Group Inc. (NASDAQ:CG) by 2.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,959 shares of the financial services provider’s stock after selling 448 shares during the quarter. Natixis Advisors LLC’s holdings in The Carlyle Group were worth $644,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Westbourne Investment Advisors Inc. raised its stake in The Carlyle Group by 3.6% in the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after buying an additional 200 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in The Carlyle Group by 0.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 208 shares in the last quarter. Tobam grew its position in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Western Pacific Wealth Management LP raised its holdings in shares of The Carlyle Group by 10.6% in the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after buying an additional 314 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of The Carlyle Group by 0.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock worth $2,484,000 after buying an additional 318 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,171,556 shares of company stock worth $29,222,475 over the last three months. Insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Down 1.5 %

Shares of The Carlyle Group stock opened at $52.70 on Thursday. The Carlyle Group Inc. has a 1-year low of $34.10 and a 1-year high of $55.11. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market cap of $18.85 billion, a P/E ratio of 181.72, a P/E/G ratio of 1.44 and a beta of 1.70. The stock’s 50 day simple moving average is $48.80 and its 200-day simple moving average is $44.20.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period last year, the business earned $0.87 earnings per share. The Carlyle Group’s revenue was up 15.2% compared to the same quarter last year. Analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.66%. The Carlyle Group’s payout ratio is currently 482.76%.

Analysts Set New Price Targets

CG has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Finally, Redburn Atlantic started coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $53.33.

About The Carlyle Group

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.