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 dated Wednesday, June 26th. The stock was sold at an average price of $33.19, for a total value of $2,704,387.58. Following the sale, the insider now directly owns 11,617,068 shares in the company, valued at approximately $385,570,486.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major 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, 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 value of $2,344,852.23.
• On Monday, June 17th, Carlyle Group Inc. sold 99,642 shares of The Carlyle Group stock. The stock was 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 value of $4,631,632.39.
• On Wednesday, June 12th, Carlyle Group Inc. sold 64,263 shares of The Carlyle Group stock. The stock was sold at an average price of $40.23, for a total value of $2,585,300.49.

The Carlyle Group Stock Performance

NASDAQ CG opened at $40.15 on Friday. 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 stock has a market cap of $14.45 billion, a price-to-earnings ratio of -22.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.77. The Carlyle Group Inc. has a fifty-two week low of $27.13 and a fifty-two week high of $48.52. The business has a fifty day moving average of $42.25 and a 200-day moving average of $42.98.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. As a group, analysts predict that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders 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 annualized dividend and a yield of 3.49%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CG. Barclays reduced their price objective on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group decreased their price target on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. Oppenheimer lowered their price target on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Finally, TD Cowen decreased their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $45.60.

Institutional Investors Weigh In On The Carlyle Group

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of The Carlyle Group in the 4th quarter valued at $130,771,000. Capital International Investors acquired a new stake in The Carlyle Group during the first quarter worth about $142,511,000. Boston Partners acquired a new position in shares of The Carlyle Group in the 1st quarter valued at about $109,122,000. Vanguard Group Inc. grew its holdings in shares of The Carlyle Group by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in The Carlyle Group by 194.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after buying an additional 1,712,133 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.