Carlyle Group Inc. Sells 275,000 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the completion of the sale, the insider now owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Monday, October 14th, Carlyle Group Inc. sold 250,000 shares of The Carlyle Group stock. The stock was sold at an average price of $2.23, for a total transaction of $557,500.00.
• 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 value of $210,894.35.
• On Wednesday, October 9th, Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24.
• On Monday, October 7th, Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock. The shares were sold at an average price of $2.51, for a total value of $335,443.93.
• On Wednesday, August 7th, Carlyle Group Inc. sold 78,180 shares of The Carlyle Group stock. The stock was 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 stock was 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 value 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 value of $4,058,310.30.

The Carlyle Group Price Performance

CG stock opened at $52.28 on Friday. 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 company’s fifty day simple moving average is $42.52 and its 200 day simple moving average is $42.97. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $52.73. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of -29.21, a PEG ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its 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 Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period in the prior year, the business earned $0.88 EPS. The company’s revenue for the quarter was up 131.5% on a year-over-year basis. On average, analysts expect that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently bought and sold shares of CG. Capital International Investors bought a new stake in The Carlyle Group in the 1st quarter valued at about $142,511,000. Boston Partners bought a new stake in shares of The Carlyle Group during the first quarter valued at approximately $109,122,000. Vanguard Group Inc. lifted its holdings in shares of The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in The Carlyle Group by 17,468.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after purchasing an additional 1,705,982 shares during the period. Finally, Marshall Wace LLP acquired a new position in The Carlyle Group during the second quarter worth $37,009,000. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Barclays boosted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Oppenheimer lifted their price target on The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and a consensus price target 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.