Carlyle Group Inc. Sells 65,636 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 65,636 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $34.12, for a total value of $2,239,500.32. Following the sale, the insider now directly owns 10,562,558 shares of the company’s stock, valued at approximately $360,394,478.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more 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 Monday, July 22nd, Carlyle Group Inc. sold 135,241 shares of The Carlyle Group stock. The stock was sold at an average price of $35.31, for a total transaction of $4,775,359.71.
• On Wednesday, July 17th, Carlyle Group Inc. sold 69,637 shares of The Carlyle Group stock. The shares were sold at an average price of $34.81, for a total transaction of $2,424,063.97.
• On Monday, July 15th, Carlyle Group Inc. sold 93,187 shares of The Carlyle Group stock. The shares were sold at an average price of $31.70, for a total transaction of $2,954,027.90.
• On Friday, July 12th, Carlyle Group Inc. sold 57,253 shares of The Carlyle Group stock. The shares were sold at an average price of $32.35, for a total value of $1,852,134.55.
• On Wednesday, July 10th, Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock. The stock was sold at an average price of $30.09, for a total value of $733,895.10.
• On Monday, July 8th, Carlyle Group Inc. sold 59,973 shares of The Carlyle Group stock. The stock was sold at an average price of $30.39, for a total value of $1,822,579.47.
• 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 transaction 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 transaction of $1,627,589.88.
• On Monday, July 1st, Carlyle Group Inc. sold 81,110 shares of The Carlyle Group stock. The stock was sold at an average price of $32.21, for a total transaction of $2,612,553.10.
• On Friday, June 28th, Carlyle Group Inc. sold 49,937 shares of The Carlyle Group stock. The stock was sold at an average price of $33.05, for a total value of $1,650,417.85.

The Carlyle Group Trading Down 3.7 %

Shares of CG opened at $44.74 on Thursday. The Carlyle Group Inc. has a fifty-two week low of $27.13 and a fifty-two week high of $48.52. The business has a 50-day moving average of $42.12 and a 200 day moving average of $43.28. The firm has a market cap of $16.10 billion, a P/E ratio of -24.99, a price-to-earnings-growth ratio of 1.33 and a beta of 1.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53.

The Carlyle Group (NASDAQ:CG) last posted its quarterly 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 company had revenue of $1.02 billion for 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 company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. As a group, research analysts forecast that The Carlyle Group Inc. will post 3.89 EPS for the current year.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after acquiring an additional 1,756,189 shares in the last quarter. Capital World Investors increased its holdings in shares of The Carlyle Group by 0.4% in the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after purchasing an additional 79,681 shares during the period. William Blair Investment Management LLC raised its position in shares of The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares in the last quarter. Norges Bank bought a new stake in The Carlyle Group during the fourth quarter valued at $130,771,000. Finally, Capital International Investors bought a new position in The Carlyle Group in the 1st quarter worth about $142,511,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on CG shares. Jefferies Financial Group cut 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. The Goldman Sachs Group reduced their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Oppenheimer cut 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 dropped their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, TD Cowen decreased their price target on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average price target of $45.20.

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.