Carlyle Group Inc. Sells 250,000 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 250,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $2.23, for a total transaction of $557,500.00. Following the transaction, the insider now owns 2,905,461 shares of the company’s stock, valued at approximately $6,479,178.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, October 16th, Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00.
• On Friday, October 11th, Carlyle Group Inc. sold 92,905 shares of The Carlyle Group stock. The stock was sold at an average price of $2.27, for a total transaction of $210,894.35.
• On Wednesday, October 9th, Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24.
• 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 shares were 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 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 shares were 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 shares were sold at an average price of $39.05, for a total transaction of $4,058,310.30.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $51.34 on Friday. The company has a fifty day simple moving average of $42.26 and a two-hundred day simple moving average of $42.93. The company has a market cap of $18.48 billion, a price-to-earnings ratio of -28.68, a price-to-earnings-growth 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 Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $51.40.

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

The Carlyle Group Announces Dividend

The company also recently disclosed 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 2.73%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors have recently modified their holdings of the company. Bleakley Financial Group LLC lifted its position in shares of The Carlyle Group by 0.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 208 shares during the last quarter. GAMMA Investing LLC lifted its position in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 215 shares during the last quarter. Tobam lifted its position in The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 220 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its position in The Carlyle Group by 2.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 271 shares during the last quarter. Finally, Western Pacific Wealth Management LP lifted its position in The Carlyle Group by 14.7% in the first quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 313 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CG shares. Wells Fargo & Company increased their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. TD Cowen increased their price target 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. Evercore ISI increased their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday. UBS Group dropped their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Barclays lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.27.

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.