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

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 250,000 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $2.23, for a total transaction of $557,500.00. Following the completion of the sale, the insider now directly owns 2,905,461 shares in the company, valued at $6,479,178.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, October 11th, Carlyle Group Inc. sold 92,905 shares of The Carlyle Group stock. The shares were 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 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 stock was 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 value 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 stock was 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 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.
• On Wednesday, July 24th, Carlyle Group Inc. sold 214,732 shares of The Carlyle Group stock. The shares were sold at an average price of $38.97, for a total value of $8,368,106.04.

The Carlyle Group Price Performance

Shares of CG stock opened at $49.42 on Thursday. 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 12-month low of $27.13 and a 12-month high of $50.92. The firm has a fifty day moving average of $42.02 and a 200-day moving average of $42.87. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of -27.61, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last announced 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 company had revenue of $1.07 billion for 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 quarterly revenue was up 131.5% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. On average, equities research analysts forecast that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Wall Street Analyst Weigh In

CG has been the subject of several research reports. Redburn Atlantic initiated coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. Barclays upped their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Keefe, Bruyette & Woods lowered their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.27.

Institutional Trading of The Carlyle Group

A number of institutional investors have recently modified their holdings of the company. Tobam bought a new stake in shares of The Carlyle Group in the second quarter worth $27,000. Blue Trust Inc. lifted its position in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of The Carlyle Group in the 2nd quarter valued at about $50,000. GAMMA Investing LLC increased its position in shares of 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. Finally, 1832 Asset Management L.P. acquired a new position in The Carlyle Group during the first quarter valued at approximately $55,000. 55.88% of the stock is currently owned by 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.