The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Carlyle Group Inc. Sells 81,482 Shares

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 81,482 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $33.19, for a total transaction of $2,704,387.58. Following the completion of the transaction, the insider now directly owns 11,617,068 shares in the company, valued at $385,570,486.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 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 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 value 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 value 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 stock was sold at an average price of $36.19, for a total transaction of $4,631,632.39.
• On Wednesday, June 12th, Carlyle Group Inc. sold 64,263 shares of The Carlyle Group stock. The shares were sold at an average price of $40.23, for a total transaction of $2,585,300.49.

The Carlyle Group Trading Up 0.7 %

Shares of NASDAQ:CG opened at $39.89 on Friday. The business’s 50 day moving average is $42.33 and its 200-day moving average is $42.91. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $48.52.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.9 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio is -78.21%.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in The Carlyle Group in the 4th quarter valued at $130,771,000. Capital International Investors bought a new stake in shares of The Carlyle Group in the 1st quarter worth about $142,511,000. Boston Partners acquired a new stake in shares of The Carlyle Group during the 1st quarter worth about $109,122,000. Vanguard Group Inc. boosted its position in The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after buying an additional 1,756,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of The Carlyle Group by 194.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after acquiring an additional 1,712,133 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group boosted their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. TD Cowen reduced their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Oppenheimer lowered their target price on shares of 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. Finally, Jefferies Financial Group lowered 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.60.

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.