Carlyle Group Inc. Sells 81,482 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 81,482 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $33.19, for a total transaction of $2,704,387.58. Following the completion of the transaction, the insider now directly owns 11,617,068 shares of the company’s stock, valued at $385,570,486.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 transaction 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 transaction of $2,344,852.23.
• On Monday, June 17th, Carlyle Group Inc. sold 99,642 shares of The Carlyle Group stock. The shares were 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 shares were 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 shares were sold at an average price of $40.23, for a total value of $2,585,300.49.

The Carlyle Group Stock Up 0.7 %

The Carlyle Group stock traded up $0.29 during trading hours on Thursday, reaching $39.89. The stock had a trading volume of 1,282,807 shares, compared to its average volume of 2,268,296. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $48.52. 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 business’s 50 day moving average price is $42.40 and its 200-day moving average price is $42.93.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. As a group, equities analysts anticipate that The Carlyle Group Inc. will post 3.9 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.51%. The Carlyle Group’s payout ratio is -78.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Barclays cut their price target on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Oppenheimer lowered their price objective on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. 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. Finally, UBS Group increased their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.60.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently modified their holdings of CG. SYSTM Wealth Solutions LLC purchased a new stake in The Carlyle Group during the 1st quarter valued at about $34,000. CVA Family Office LLC purchased a new stake in The Carlyle Group in the fourth quarter valued at approximately $35,000. GAMMA Investing LLC purchased a new position in The Carlyle Group during the 4th quarter worth approximately $38,000. Global Retirement Partners LLC lifted its stake in 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 valued at $40,000 after acquiring an additional 247 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in The Carlyle Group in the first quarter valued at $55,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

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.