The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Sells $733,895.10 in Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $30.09, for a total transaction of $733,895.10. Following the sale, the insider now directly owns 11,141,580 shares in the company, valued at approximately $335,250,142.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 transaction of $1,822,579.47.
• On Friday, July 5th, Carlyle Group Inc. sold 50,739 shares of The Carlyle Group stock. The stock was 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 stock was 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 transaction of $1,650,417.85.
• On Wednesday, June 26th, Carlyle Group Inc. sold 81,482 shares of The Carlyle Group stock. The stock was sold at an average price of $33.19, for a total transaction of $2,704,387.58.
• On Monday, June 24th, Carlyle Group Inc. sold 73,713 shares of The Carlyle Group stock. The shares were 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 transaction 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.

The Carlyle Group Stock Up 1.5 %

NASDAQ CG opened at $43.23 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The company’s 50 day simple moving average is $41.57 and its 200 day simple moving average is $42.99. The Carlyle Group Inc. has a 12 month low of $27.13 and a 12 month high of $48.52. The company has a market capitalization of $15.56 billion, a P/E ratio of -24.15, a PEG ratio of 1.22 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last released its earnings results 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 the consensus estimate of $986.10 million. During the same period in the previous year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities research analysts expect that The Carlyle Group Inc. will post 3.89 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a $0.35 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.24%. The Carlyle Group’s payout ratio is currently -78.21%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CG shares. Keefe, Bruyette & Woods reaffirmed 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 reduced their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Barclays reduced their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. TD Cowen reduced their target price on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Finally, Jefferies Financial Group reduced their target price on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.93.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently made changes to their positions in the company. SYSTM Wealth Solutions LLC acquired a new stake in shares of The Carlyle Group during the first quarter valued at approximately $34,000. Global Retirement Partners LLC increased its stake in The Carlyle Group by 41.2% in the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after buying an additional 247 shares during the period. CVA Family Office LLC acquired a new position in The Carlyle Group in the 4th quarter valued at approximately $35,000. GAMMA Investing LLC acquired a new position in The Carlyle Group in the 4th quarter valued at approximately $38,000. Finally, 1832 Asset Management L.P. acquired a new position in The Carlyle Group in the 1st quarter valued at approximately $55,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.