The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Sells $6,448,339.47 in Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 164,877 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $39.11, for a total transaction of $6,448,339.47. Following the completion of the transaction, the insider now directly owns 9,128,748 shares of the company’s stock, valued at $357,025,334.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 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 Monday, July 29th, Carlyle Group Inc. sold 158,090 shares of The Carlyle Group stock. The stock was sold at an average price of $38.85, for a total transaction of $6,141,796.50.
• On Friday, July 26th, Carlyle Group Inc. sold 103,926 shares of The Carlyle Group stock. The shares were sold at an average price of $39.05, for a total transaction of $4,058,310.30.
• On Wednesday, July 24th, Carlyle Group Inc. sold 214,732 shares of The Carlyle Group stock. The shares were sold at an average price of $38.97, for a total transaction of $8,368,106.04.
• 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 Friday, July 19th, Carlyle Group Inc. sold 65,636 shares of The Carlyle Group stock. The shares were sold at an average price of $34.12, for a total transaction of $2,239,500.32.
• On Wednesday, July 17th, Carlyle Group Inc. sold 69,637 shares of The Carlyle Group stock. The stock was 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 stock was 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 transaction of $1,852,134.55.
• On Wednesday, July 10th, Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock. The shares were sold at an average price of $30.09, for a total transaction of $733,895.10.
• 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 transaction of $1,822,579.47.

The Carlyle Group Trading Down 7.4 %

CG opened at $44.23 on Friday. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. 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 firm’s fifty day moving average is $42.62 and its two-hundred day moving average is $43.68. The firm has a market cap of $15.92 billion, a PE ratio of -24.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. During the same period last year, the business posted $0.63 earnings per share. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. Equities research analysts anticipate that The Carlyle Group Inc. will post 3.87 EPS for the current year.

Institutional Investors Weigh In On The Carlyle Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CG. National Bank of Canada FI grew its position in The Carlyle Group by 89.3% in the second quarter. National Bank of Canada FI now owns 764,765 shares of the financial services provider’s stock valued at $30,269,000 after purchasing an additional 360,729 shares in the last quarter. TD Asset Management Inc grew its position in The Carlyle Group by 0.5% in the second quarter. TD Asset Management Inc now owns 152,089 shares of the financial services provider’s stock valued at $6,106,000 after purchasing an additional 683 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in The Carlyle Group in the second quarter valued at $535,000. Legacy Capital Wealth Partners LLC bought a new position in The Carlyle Group in the second quarter valued at $1,180,000. Finally, CIBC Asset Management Inc grew its position in The Carlyle Group by 72.3% in the second quarter. CIBC Asset Management Inc now owns 11,614 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 4,873 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CG has been the topic of a number of recent analyst reports. TD Cowen reduced their price target on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Jefferies Financial Group reduced their target price on shares of 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. Barclays upped their target price on shares of The Carlyle Group from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Keefe, Bruyette & Woods reiterated 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, UBS Group reduced 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.57.

The Carlyle Group Company Profile

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.