The Carlyle Group Inc. (NASDAQ:CG) Director Daniel A. D’aniello Sells 495,542 Shares

The Carlyle Group Inc. (NASDAQ:CG) Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

The Carlyle Group Stock Up 0.4 %

NASDAQ:CG traded up $0.19 during midday trading on Friday, reaching $51.28. 141,480 shares of the stock traded hands, compared to its average volume of 2,340,893. The Carlyle Group Inc. has a 12-month low of $31.21 and a 12-month high of $54.52. The business has a 50-day moving average of $46.68 and a two-hundred day moving average of $43.62. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $18.34 billion, a PE ratio of 176.17, a price-to-earnings-growth ratio of 1.36 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.73%. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CG shares. StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Evercore ISI upped their target price 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. Finally, Morgan Stanley upped their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $53.33.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. National Bank of Canada FI raised its stake in shares of The Carlyle Group by 58.8% in the 1st quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock valued at $18,953,000 after acquiring an additional 149,612 shares during the period. Capital Group Private Client Services Inc. purchased a new stake in shares of The Carlyle Group in the 1st quarter valued at approximately $3,021,000. Cetera Investment Advisers grew its holdings in shares of The Carlyle Group by 292.1% in the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after purchasing an additional 25,002 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of The Carlyle Group by 182.1% in the second quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after purchasing an additional 250,021 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of The Carlyle Group by 44.5% in the first quarter. Comerica Bank now owns 184,420 shares of the financial services provider’s stock valued at $8,651,000 after purchasing an additional 56,811 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

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.