The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Carlyle Group Inc. Sells 14,852 Shares

The Carlyle Group Inc. (NASDAQ:CGGet Rating) major shareholder Carlyle Group Inc. sold 14,852 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $45.02, for a total transaction of $668,637.04. Following the completion of the sale, the insider now directly owns 41,656,293 shares in the company, valued at approximately $1,875,366,310.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $37.96 on Friday. The Carlyle Group Inc. has a twelve month low of $30.01 and a twelve month high of $60.62. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average of $34.83 and a 200-day moving average of $40.78. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 0.40 and a beta of 1.63.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.06. The Carlyle Group had a net margin of 31.86% and a return on equity of 40.15%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Analysts forecast that The Carlyle Group Inc. will post 4.09 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th will be given a dividend of $0.325 per share. The ex-dividend date is Monday, August 8th. This represents a $1.30 annualized dividend and a dividend yield of 3.42%. The Carlyle Group’s dividend payout ratio (DPR) is 23.77%.

Wall Street Analyst Weigh In

CG has been the topic of a number of analyst reports. Evercore ISI raised shares of The Carlyle Group from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $38.00 to $45.00 in a report on Friday, July 29th. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. BMO Capital Markets dropped their price objective on shares of The Carlyle Group from $69.00 to $60.00 in a report on Friday, April 29th. UBS Group increased their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 1st. Finally, TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System boosted its holdings in shares of The Carlyle Group by 2.8% in the first quarter. Arizona State Retirement System now owns 44,659 shares of the financial services provider’s stock worth $2,184,000 after buying an additional 1,230 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of The Carlyle Group by 1.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 98,925 shares of the financial services provider’s stock worth $5,431,000 after buying an additional 1,512 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of The Carlyle Group by 12.4% in the first quarter. Kestra Advisory Services LLC now owns 6,224 shares of the financial services provider’s stock worth $304,000 after buying an additional 686 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of The Carlyle Group by 16.9% in the fourth quarter. Principal Financial Group Inc. now owns 14,800 shares of the financial services provider’s stock worth $812,000 after buying an additional 2,136 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of The Carlyle Group by 17.5% in the fourth quarter. Bank of America Corp DE now owns 2,001,252 shares of the financial services provider’s stock worth $109,868,000 after buying an additional 298,147 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

(Get Rating)

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.

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Insider Buying and Selling by Quarter for The Carlyle Group (NASDAQ:CG)

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