National Bank of Canada FI Acquires 587,173 Shares of The Carlyle Group Inc. (NASDAQ:CG)

National Bank of Canada FI raised its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 80.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,318,766 shares of the financial services provider's stock after buying an additional 587,173 shares during the period. National Bank of Canada FI owned about 0.37% of The Carlyle Group worth $66,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CG. Golden State Wealth Management LLC bought a new stake in The Carlyle Group during the fourth quarter valued at approximately $25,000. National Pension Service purchased a new position in shares of The Carlyle Group during the 4th quarter worth $25,000. Valley National Advisers Inc. increased its stake in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after purchasing an additional 405 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its position in The Carlyle Group by 8,090.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 890 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on CG. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Wells Fargo & Company reduced their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Friday, January 3rd. Finally, Bank of America cut their price target on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, The Carlyle Group has an average rating of "Hold" and a consensus target price of $54.00.

The Carlyle Group Trading Down 7.3 %

Shares of CG traded down $2.82 during midday trading on Friday, hitting $35.89. The stock had a trading volume of 7,129,020 shares, compared to its average volume of 2,413,866. The firm has a market cap of $12.96 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The stock's 50 day moving average is $47.81 and its 200 day moving average is $49.56. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.90%. The Carlyle Group's dividend payout ratio (DPR) is 50.36%.

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.