Carlyle Group Inc. Sells 93,187 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

Posted by Chris Copeland on Jul 19th, 2024

The Carlyle Group Inc. (NASDAQ:CG – Get Free Report) major shareholder Carlyle Group Inc. sold 93,187 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.70, for a total value of $2,954,027.90. Following the sale, the insider now directly owns 10,894,562 shares in the company, valued at $345,357,615.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Wednesday, July 17th, Carlyle Group Inc. sold 69,637 shares of The Carlyle Group stock. The shares were sold at an average price of $34.81, for a total value of $2,424,063.97.
On Friday, July 12th, Carlyle Group Inc. sold 57,253 shares of The Carlyle Group stock. The shares were sold at an average price of $32.35, for a total value of $1,852,134.55.
On Wednesday, July 10th, Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock. The stock was sold at an average price of $30.09, for a total value of $733,895.10.
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 value 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 value 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 value 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 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 value 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 value of $2,704,387.58.
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 value of $2,531,304.42.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $46.46 on Friday. 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 Carlyle Group Inc. has a 1 year low of $27.13 and a 1 year high of $48.52. The stock’s 50 day simple moving average is $41.86 and its two-hundred day simple moving average is $43.08. The company has a market cap of $16.72 billion, a price-to-earnings ratio of -25.96, a PEG ratio of 1.32 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities analysts anticipate that The Carlyle Group Inc. will post 3.89 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Analyst Upgrades and Downgrades

CG has been the topic of several recent research reports. Barclays decreased their price objective on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group 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 on the stock in a research note on Monday, July 8th. Oppenheimer decreased their target price on 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, UBS Group decreased their target price on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $44.93.

Read Our Latest Analysis on The Carlyle Group

Hedge Funds Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently modified their holdings of CG. SYSTM Wealth Solutions LLC purchased a new position in The Carlyle Group during the 1st quarter valued at $34,000. Blue Trust Inc. grew its position in The Carlyle Group by 506.3% in the 2nd 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 during the last quarter. Global Retirement Partners LLC grew its position 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 acquiring an additional 247 shares during the last quarter. CVA Family Office LLC bought a new position in The Carlyle Group in the 4th quarter valued at $35,000. Finally, GAMMA Investing LLC bought a new position in The Carlyle Group in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Company Profile

(Get Free Report)

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.