The Carlyle Group Inc. (NASDAQ:CG – Get Free Report) major shareholder Carlyle Group Inc. sold 73,713 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $34.34, for a total value of $2,531,304.42. Following the completion of the transaction, the insider now owns 11,766,022 shares of the company’s stock, valued at approximately $404,045,195.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major 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 Wednesday, June 26th, Carlyle Group Inc. sold 81,482 shares of The Carlyle Group stock. The shares were sold at an average price of $33.19, for a total transaction of $2,704,387.58.
- 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 stock was sold at an average price of $36.19, for a total value 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 Price Performance
The Carlyle Group stock opened at $39.89 on Friday. The firm has a fifty day moving average of $42.33 and a 200-day moving average of $42.91. The firm has a market capitalization of $14.36 billion, a P/E ratio of -22.28, a PEG ratio of 1.12 and a beta of 1.77. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $48.52. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.
The Carlyle Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.
Hedge Funds Weigh In On The Carlyle Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Trust acquired a new stake in shares of The Carlyle Group during the first quarter worth approximately $267,000. EverSource Wealth Advisors LLC grew its holdings in The Carlyle Group by 29.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,696 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 839 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of The Carlyle Group by 28.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,760 shares of the financial services provider’s stock valued at $1,967,000 after purchasing an additional 9,273 shares in the last quarter. Boston Partners acquired a new position in The Carlyle Group in the first quarter worth about $109,122,000. Finally, Cetera Advisors LLC bought a new stake in The Carlyle Group in the first quarter valued at about $773,000. 55.88% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on CG shares. UBS Group upped their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Barclays decreased their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. Oppenheimer lowered their price objective on 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. Finally, TD Cowen reduced their target price on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $45.60.
View Our Latest Analysis on CG
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.
Read More
- Five stocks we like better than The Carlyle Group
- What is a Secondary Public Offering? What Investors Need to Know
- BlackBerry Stock: Strong Earnings, Profitability Challenges Ahead
- Stock Sentiment Analysis: How it Works
- Progress Software Stock Back in the Green After Beating Forecasts
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Goldman Sachs Raises Stock Target for Affirm: Key Insights
Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.