The Carlyle Group LP (NASDAQ:CG) CFO Curtis L. Buser sold 36,773 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.07, for a total transaction of $1,216,083.11. Following the completion of the sale, the chief financial officer now directly owns 946,812 shares of the company’s stock, valued at approximately $31,311,072.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ CG opened at $32.94 on Friday. The Carlyle Group LP has a one year low of $17.33 and a one year high of $34.98. The company has a 50-day simple moving average of $32.50 and a 200-day simple moving average of $27.83. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.90 and a current ratio of 2.90. The firm has a market capitalization of $3.94 billion, a PE ratio of 11.44 and a beta of 1.75.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. The Carlyle Group had a net margin of 13.72% and a return on equity of 8.07%. The business had revenue of $460.30 million during the quarter, compared to analyst estimates of $532.70 million. During the same period in the previous year, the business posted ($0.15) EPS. The company’s quarterly revenue was up 203.4% on a year-over-year basis. Equities analysts forecast that The Carlyle Group LP will post 2.12 earnings per share for the current year.
Several equities research analysts have recently weighed in on CG shares. Keefe, Bruyette & Woods downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $36.00 to $35.00 in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of The Carlyle Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. BidaskClub downgraded shares of The Carlyle Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. Credit Suisse Group dropped their target price on shares of The Carlyle Group from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Oppenheimer set a $35.00 target price on shares of The Carlyle Group and gave the stock a “buy” rating in a research report on Friday, November 1st. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $27.27.
Several hedge funds and other institutional investors have recently bought and sold shares of CG. SeaCrest Wealth Management LLC boosted its holdings in shares of The Carlyle Group by 3.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,297 shares of the financial services provider’s stock valued at $391,000 after buying an additional 563 shares during the period. Guild Investment Management Inc. acquired a new position in The Carlyle Group during the 3rd quarter valued at about $1,950,000. Winslow Evans & Crocker Inc. boosted its stake in The Carlyle Group by 19.2% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 3,576 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 576 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in The Carlyle Group by 18.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the financial services provider’s stock valued at $13,291,000 after purchasing an additional 80,000 shares during the period. Finally, Regent Investment Management LLC acquired a new position in The Carlyle Group during the 3rd quarter valued at about $212,000. 47.92% of the stock is owned by institutional investors and hedge funds.
The Carlyle Group Company Profile
The Carlyle Group L.P. 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.
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