Insider Selling: The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Sells 49,937 Shares of Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 49,937 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $33.05, for a total transaction of $1,650,417.85. Following the completion of the sale, the insider now directly owns 11,520,751 shares in the company, valued at $380,760,820.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large 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 Wednesday, June 26th, Carlyle Group Inc. sold 81,482 shares of The Carlyle Group stock. The shares were 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 value of $2,531,304.42.
• On Thursday, June 20th, Carlyle Group Inc. sold 67,207 shares of The Carlyle Group stock. The stock was 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 shares were 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 transaction 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 transaction of $2,585,300.49.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $40.01 on Wednesday. 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 firm’s fifty day moving average price is $42.01 and its 200 day moving average price is $42.98. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of -22.35, a price-to-earnings-growth ratio of 1.13 and a beta of 1.75. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $48.52.

The Carlyle Group (NASDAQ:CG) last released 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 analysts’ expectations of $986.10 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 35.6% compared to the same quarter last year. On average, research analysts forecast that The Carlyle Group Inc. will post 3.9 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a $0.35 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.40 annualized dividend and a yield of 3.50%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CG. TD Cowen lowered their target price 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 dropped their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Jefferies Financial Group dropped their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, Barclays decreased their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $45.60.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently modified their holdings of CG. Kestra Advisory Services LLC bought a new position in The Carlyle Group during the third quarter worth $221,000. Envestnet Asset Management Inc. boosted its holdings in shares of The Carlyle Group by 27.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 308,156 shares of the financial services provider’s stock valued at $9,294,000 after buying an additional 67,236 shares during the period. Invesco Ltd. raised its stake in The Carlyle Group by 8.5% during the third quarter. Invesco Ltd. now owns 560,113 shares of the financial services provider’s stock worth $16,893,000 after acquiring an additional 43,989 shares during the period. Mariner LLC lifted its holdings in The Carlyle Group by 5.7% in the third quarter. Mariner LLC now owns 45,009 shares of the financial services provider’s stock worth $1,357,000 after acquiring an additional 2,437 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of The Carlyle Group by 36.8% during the third quarter. Stifel Financial Corp now owns 143,667 shares of the financial services provider’s stock valued at $4,333,000 after purchasing an additional 38,681 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

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.