The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Carlyle Group Inc. Sells 169,467 Shares

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 169,467 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $42.10, for a total value of $7,134,560.70. Following the sale, the insider now owns 8,724,346 shares of the company’s stock, valued at approximately $367,294,966.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 transaction of $6,448,339.47.
• On Monday, July 29th, Carlyle Group Inc. sold 158,090 shares of The Carlyle Group stock. The stock was 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 value 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 transaction of $2,239,500.32.
• On Wednesday, July 17th, Carlyle Group Inc. sold 69,637 shares of The Carlyle Group stock. The stock was sold at an average price of $34.81, for a total transaction of $2,424,063.97.
• On Monday, July 15th, Carlyle Group Inc. sold 93,187 shares of The Carlyle Group stock. The stock was sold at an average price of $31.70, for a total transaction of $2,954,027.90.
• On Friday, July 12th, Carlyle Group Inc. sold 57,253 shares of The Carlyle Group stock. The stock was sold at an average price of $32.35, for a total transaction 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 transaction of $733,895.10.

The Carlyle Group Price Performance

Shares of NASDAQ:CG traded down $3.32 on Monday, hitting $40.91. The stock had a trading volume of 5,201,019 shares, compared to its average volume of 2,264,961. The firm’s 50 day moving average price is $42.62 and its 200-day moving average price is $43.71. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of -23.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92.

Institutional Trading of The Carlyle Group

A number of large investors have recently bought and sold shares of CG. Tobam bought a new stake in The Carlyle Group in the 2nd quarter valued at $27,000. Blue Trust Inc. increased its position in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares during the period. SYSTM Wealth Solutions LLC bought a new position in The Carlyle Group during the 1st quarter worth $34,000. GAMMA Investing LLC bought a new position in The Carlyle Group during the 4th quarter worth $38,000. Finally, Global Retirement Partners LLC increased its position in shares of The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the period. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. Jefferies Financial Group lowered their target price on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. TD Cowen lowered their price objective on shares of 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. Barclays raised their target price on shares of The Carlyle Group from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Oppenheimer reduced their target price 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.57.

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.