Carlyle Group Inc. Sells 81,110 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 81,110 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $32.21, for a total value of $2,612,553.10. Following the transaction, the insider now owns 11,439,641 shares in the company, valued at $368,470,836.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 transaction 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 shares were 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 stock was 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 value of $2,585,300.49.

The Carlyle Group Price Performance

NASDAQ:CG opened at $40.59 on Friday. The stock has a 50 day moving average price of $41.80 and a 200 day moving average price of $42.94. The stock has a market cap of $14.61 billion, a PE ratio of -22.68, a P/E/G ratio of 1.13 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 one year low of $27.13 and a one year high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. Equities research analysts expect that The Carlyle Group Inc. will post 3.9 EPS 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 given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, May 13th. The Carlyle Group’s payout ratio is presently -78.21%.

Wall Street Analyst Weigh In

Several brokerages have commented on CG. Barclays decreased their price objective on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Jefferies Financial Group cut 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. Oppenheimer lowered 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. UBS Group lifted their price target on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, TD Cowen dropped their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CG. SYSTM Wealth Solutions LLC acquired a new position in shares of The Carlyle Group in the 1st quarter valued at $34,000. Global Retirement Partners LLC raised its holdings 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 buying an additional 247 shares during the period. CVA Family Office LLC acquired a new position in The Carlyle Group in the fourth quarter valued at about $35,000. GAMMA Investing LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter valued at about $38,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of The Carlyle Group in the 1st quarter valued at approximately $55,000. 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.