The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Carlyle Group Inc. Sells 924,466 Shares of Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 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, October 7th, Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93.
• On Wednesday, August 7th, Carlyle Group Inc. sold 78,180 shares of The Carlyle Group stock. The shares were sold at an average price of $39.94, for a total transaction of $3,122,509.20.
• On Monday, August 5th, Carlyle Group Inc. sold 118,172 shares of The Carlyle Group stock. The stock was sold at an average price of $40.37, for a total transaction of $4,770,603.64.
• On Friday, August 2nd, Carlyle Group Inc. sold 169,467 shares of The Carlyle Group stock. The stock was sold at an average price of $42.10, for a total value of $7,134,560.70.
• On Wednesday, July 31st, Carlyle Group Inc. sold 164,877 shares of The Carlyle Group stock. The stock was sold at an average price of $39.11, for a total value of $6,448,339.47.
• On Monday, July 29th, Carlyle Group Inc. sold 158,090 shares of The Carlyle Group stock. The shares were sold at an average price of $38.85, for a total value of $6,141,796.50.
• On Friday, July 26th, Carlyle Group Inc. sold 103,926 shares of The Carlyle Group stock. The stock was sold at an average price of $39.05, for a total transaction of $4,058,310.30.
• On Wednesday, July 24th, Carlyle Group Inc. sold 214,732 shares of The Carlyle Group stock. The stock was sold at an average price of $38.97, for a total transaction of $8,368,106.04.
• On Monday, July 22nd, Carlyle Group Inc. sold 135,241 shares of The Carlyle Group stock. The stock was sold at an average price of $35.31, for a total transaction of $4,775,359.71.
• On Friday, July 19th, Carlyle Group Inc. sold 65,636 shares of The Carlyle Group stock. The shares were sold at an average price of $34.12, for a total value of $2,239,500.32.

The Carlyle Group Stock Up 2.8 %

NASDAQ CG opened at $48.27 on Friday. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $50.92. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of -43.10, a PEG ratio of 1.25 and a beta of 1.73. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a fifty day moving average of $41.46 and a two-hundred day moving average of $42.85.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. During the same period in the previous year, the business earned $0.88 EPS. The firm’s revenue for the quarter was up 131.5% on a year-over-year basis. On average, analysts predict that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.90%. The Carlyle Group’s dividend payout ratio (DPR) is -125.00%.

Analyst Upgrades and Downgrades

CG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Tuesday, August 6th. Morgan Stanley boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday. TD Cowen raised their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. UBS Group dropped their price objective on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Wells Fargo & Company lifted their target price on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CG. Tobam purchased a new position in The Carlyle Group during the 2nd quarter worth $27,000. Blue Trust Inc. raised its holdings in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares in the last quarter. GAMMA Investing LLC grew its holdings in The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 215 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in The Carlyle Group during the 1st quarter valued at about $55,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of The Carlyle Group in the 1st quarter worth approximately $57,000. 55.88% of the stock is currently owned by institutional investors.

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.