Natixis Advisors LLC Increases Holdings in Carlyle Group Inc. $CG

Natixis Advisors LLC grew its holdings in Carlyle Group Inc. (NASDAQ:CG) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 399,858 shares of the financial services provider’s stock after buying an additional 30,289 shares during the quarter. Natixis Advisors LLC’s holdings in Carlyle Group were worth $25,071,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 299 shares in the last quarter. WFA of San Diego LLC purchased a new position in Carlyle Group during the 2nd quarter valued at $26,000. Motco bought a new position in Carlyle Group in the 3rd quarter worth $40,000. Geneos Wealth Management Inc. lifted its position in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. boosted its stake in shares of Carlyle Group by 563.5% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 690 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 586 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CG shares. TD Cowen increased their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada began coverage on Carlyle Group in a report on Monday, February 23rd. They set an “outperform” rating and a $67.00 target price on the stock. Evercore raised their target price on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, January 21st. Finally, Wolfe Research reiterated an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $65.36.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $48.45 on Wednesday. The company has a 50 day simple moving average of $57.96 and a two-hundred day simple moving average of $58.83. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 0.99 and a beta of 2.07. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 84.1% compared to the same quarter last year. Analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s dividend payout ratio is currently 64.22%.

Carlyle Group Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.