The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Carlyle Group Inc. Sells 67,207 Shares

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 67,207 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $34.89, for a total transaction of $2,344,852.23. Following the completion of the transaction, the insider now owns 11,908,315 shares in the company, valued at approximately $415,481,110.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more 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 stock was sold at an average price of $34.34, for a total value of $2,531,304.42.
• 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 stock was sold at an average price of $40.23, for a total transaction of $2,585,300.49.

The Carlyle Group Price Performance

Shares of CG opened at $39.60 on Thursday. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of -22.12, a price-to-earnings-growth ratio of 1.12 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $48.52. The stock’s fifty day moving average is $42.40 and its 200-day moving average is $42.93.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. Equities analysts anticipate that The Carlyle Group Inc. will post 3.9 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s payout ratio is currently -78.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CG. HighTower Advisors LLC grew its holdings in The Carlyle Group by 13.8% during the third quarter. HighTower Advisors LLC now owns 37,377 shares of the financial services provider’s stock worth $1,121,000 after acquiring an additional 4,534 shares during the period. Rhumbline Advisers grew its holdings in The Carlyle Group by 1.2% during the third quarter. Rhumbline Advisers now owns 239,705 shares of the financial services provider’s stock worth $7,229,000 after acquiring an additional 2,764 shares during the period. Kestra Advisory Services LLC acquired a new position in The Carlyle Group during the third quarter worth about $221,000. Envestnet Asset Management Inc. grew its holdings in The Carlyle Group by 27.9% during the third quarter. Envestnet Asset Management Inc. now owns 308,156 shares of the financial services provider’s stock worth $9,294,000 after acquiring an additional 67,236 shares during the period. Finally, FMR LLC boosted its position in shares of The Carlyle Group by 11.0% in the 3rd quarter. FMR LLC now owns 2,134,653 shares of the financial services provider’s stock valued at $64,381,000 after purchasing an additional 211,210 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group decreased their price target on 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. Oppenheimer dropped their price target on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. The Goldman Sachs Group dropped their price target on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. TD Cowen dropped their price target on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. Finally, UBS Group upped their price target on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and a consensus target price 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.