The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Sells $1,580,519.85 in Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 50,739 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $31.15, for a total value of $1,580,519.85. Following the completion of the transaction, the insider now owns 11,249,724 shares in the company, valued at approximately $350,428,902.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, July 8th, Carlyle Group Inc. sold 59,973 shares of The Carlyle Group stock. The shares were sold at an average price of $30.39, for a total value of $1,822,579.47.
• 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 stock was 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 stock was 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 stock was 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 transaction 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 transaction of $2,585,300.49.

The Carlyle Group Stock Up 3.0 %

Shares of NASDAQ:CG opened at $41.50 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The stock’s 50-day moving average price is $41.49 and its 200-day moving average price is $42.95. The stock has a market capitalization of $14.94 billion, a P/E ratio of -23.18, a price-to-earnings-growth ratio of 1.14 and a beta of 1.75. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The Carlyle Group’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. On average, equities analysts anticipate that The Carlyle Group Inc. will post 3.9 earnings per share for the current year.

The Carlyle Group Dividend Announcement

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

Institutional Trading of The Carlyle Group

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after buying an additional 215 shares during the period. Riverwater Partners LLC lifted its holdings in The Carlyle Group by 1.1% in the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after buying an additional 228 shares during the period. Global Retirement Partners LLC lifted its holdings in The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the period. Fifth Third Bancorp lifted its holdings in The Carlyle Group by 11.5% in the first quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock worth $115,000 after buying an additional 251 shares during the period. Finally, Retirement Planning Co of New England Inc. lifted its holdings in The Carlyle Group by 2.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock worth $531,000 after buying an additional 271 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CG shares. Oppenheimer decreased their price target on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. UBS Group decreased their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Barclays reduced their target price on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.