The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Carlyle Group Inc. Sells 59,973 Shares

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 59,973 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $30.39, for a total value of $1,822,579.47. Following the transaction, the insider now directly owns 11,189,751 shares of the company’s stock, valued at approximately $340,056,532.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Carlyle Group Inc. also recently made the following trade(s):

• On Friday, July 5th, Carlyle Group Inc. sold 50,739 shares of The Carlyle Group stock. The shares were sold at an average price of $31.15, for a total value of $1,580,519.85.
• On Wednesday, July 3rd, Carlyle Group Inc. sold 52,724 shares of The Carlyle Group stock. The shares were sold at an average price of $30.87, for a total value of $1,627,589.88.
• On Monday, July 1st, Carlyle Group Inc. sold 81,110 shares of The Carlyle Group stock. The shares were sold at an average price of $32.21, for a total value of $2,612,553.10.
• On Friday, June 28th, Carlyle Group Inc. sold 49,937 shares of The Carlyle Group stock. The shares were sold at an average price of $33.05, for a total value of $1,650,417.85.
• On Wednesday, June 26th, Carlyle Group Inc. sold 81,482 shares of The Carlyle Group stock. The shares were sold at an average price of $33.19, for a total value of $2,704,387.58.
• On Monday, June 24th, Carlyle Group Inc. sold 73,713 shares of The Carlyle Group stock. The shares were sold at an average price of $34.34, for a total value of $2,531,304.42.
• On Thursday, June 20th, Carlyle Group Inc. sold 67,207 shares of The Carlyle Group stock. The shares were sold at an average price of $34.89, for a total value of $2,344,852.23.
• On Monday, June 17th, Carlyle Group Inc. sold 99,642 shares of The Carlyle Group stock. The stock was sold at an average price of $35.99, for a total value of $3,586,115.58.
• On Friday, June 14th, Carlyle Group Inc. sold 127,981 shares of The Carlyle Group stock. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39.
• On Wednesday, June 12th, Carlyle Group Inc. sold 64,263 shares of The Carlyle Group stock. The stock was sold at an average price of $40.23, for a total value of $2,585,300.49.

The Carlyle Group Stock Up 3.0 %

NASDAQ CG traded up $1.20 on Wednesday, reaching $41.50. The company had a trading volume of 1,925,985 shares, compared to its average volume of 2,220,087. The stock has a market capitalization of $14.94 billion, a P/E ratio of -22.80, a P/E/G ratio of 1.14 and a beta of 1.75. The company’s fifty day moving average is $41.48 and its 200 day moving average is $42.96. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $48.52. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last announced 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 during the quarter, compared to analyst estimates of $986.10 million. During the same period last year, the firm posted $0.63 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. Sell-side analysts anticipate that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Institutional Investors Weigh In On The Carlyle Group

Several large investors have recently made changes to their positions in CG. SYSTM Wealth Solutions LLC bought a new position in shares of The Carlyle Group during the 1st quarter worth $34,000. Global Retirement Partners LLC grew its stake in shares of The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 247 shares during the period. CVA Family Office LLC bought a new position in shares of The Carlyle Group during the 4th quarter worth $35,000. GAMMA Investing LLC bought a new position in The Carlyle Group in the 4th quarter worth about $38,000. Finally, 1832 Asset Management L.P. bought a new position in The Carlyle Group in the 1st quarter worth about $55,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CG has been the topic of a number of research analyst reports. TD Cowen cut their price target on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a report on Monday. UBS Group lowered their target price on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group lowered their target price on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. Finally, Oppenheimer lowered their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.93.

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.