The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Sells $4,770,603.64 in Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 118,172 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $40.37, for a total value of $4,770,603.64. Following the completion of the transaction, the insider now owns 8,606,174 shares in the company, valued at $347,431,244.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% 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, 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 Friday, August 2nd, Carlyle Group Inc. sold 169,467 shares of The Carlyle Group stock. The shares were sold at an average price of $42.10, for a total transaction 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 transaction 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 transaction 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 shares were 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.
• 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 value of $2,424,063.97.
• On Monday, July 15th, Carlyle Group Inc. sold 93,187 shares of The Carlyle Group stock. The shares were sold at an average price of $31.70, for a total value of $2,954,027.90.

The Carlyle Group Price Performance

CG opened at $39.56 on Friday. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of -22.10, a PEG ratio of 1.38 and a beta of 1.75. 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 firm has a 50-day moving average price of $42.27 and a 200-day moving average price of $43.65.

The Carlyle Group (NASDAQ:CG) last posted its earnings results 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The Carlyle Group’s revenue was up 131.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. Equities analysts expect that The Carlyle Group Inc. will post 3.87 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 16th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Hedge Funds Weigh In On The Carlyle Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tobam acquired a new stake in shares of The Carlyle Group in the second quarter valued at about $27,000. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 643 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of The Carlyle Group in the first quarter worth $34,000. GAMMA Investing LLC purchased a new stake in shares of The Carlyle Group during the fourth quarter worth $38,000. Finally, Global Retirement Partners LLC raised its holdings in The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after buying an additional 247 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on The Carlyle Group from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday. Oppenheimer cut their target price on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Tuesday. UBS Group cut their price target on 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, TD Cowen raised their price target on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.