The Carlyle Group Inc. (NASDAQ:CG – Get Free Report) major shareholder Carlyle Group Inc. sold 50,739 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $31.15, for a total transaction of $1,580,519.85. Following the completion of the sale, the insider now owns 11,249,724 shares in the company, valued at $350,428,902.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 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 value of $1,627,589.88.
- On Monday, July 1st, Carlyle Group Inc. sold 81,110 shares of The Carlyle Group stock. The shares were sold at an average price of $32.21, for a total value 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 shares were sold at an average price of $33.19, for a total value 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 stock was 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 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 transaction of $2,585,300.49.
The Carlyle Group Price Performance
NASDAQ CG traded up $0.20 during mid-day trading on Monday, hitting $40.49. The stock had a trading volume of 1,934,189 shares, compared to its average volume of 2,230,177. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $48.52. 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 firm’s 50 day moving average is $41.68 and its 200 day moving average is $42.96. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of -22.59, a PEG ratio of 1.14 and a beta of 1.75.
The Carlyle Group (NASDAQ:CG – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. Equities research analysts forecast that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.
The Carlyle Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a $0.35 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.46%. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.
Analyst Upgrades and Downgrades
CG has been the subject of a number of recent research reports. Oppenheimer reduced 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 note on Thursday, May 2nd. TD Cowen decreased their price objective on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research note on Monday. Barclays decreased 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 report on Thursday, May 2nd. Jefferies Financial Group reduced their price target on 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 raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $45.33.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC purchased a new position in shares of The Carlyle Group during the 3rd quarter worth $990,000. Glenmede Trust Co. NA acquired a new position in shares of The Carlyle Group in the 3rd quarter worth approximately $336,000. Royal London Asset Management Ltd. increased its holdings in The Carlyle Group by 1.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 62,424 shares of the financial services provider’s stock valued at $1,883,000 after purchasing an additional 973 shares during the last quarter. Symmetry Partners LLC acquired a new position in The Carlyle Group during the fourth quarter worth $207,000. Finally, Diversified Trust Co purchased a new stake in shares of The Carlyle Group in the 4th quarter valued at $2,110,000. 55.88% of the stock is currently 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.