Carlyle Group Inc. Sells 135,241 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

Posted by Alanna Baker on Jul 27th, 2024

The Carlyle Group Inc. (NASDAQ:CG – Get Free Report) major shareholder Carlyle Group Inc. sold 135,241 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $35.31, for a total transaction of $4,775,359.71. Following the transaction, the insider now directly owns 10,427,317 shares in the company, valued at approximately $368,188,563.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 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 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 transaction of $8,368,106.04.
On Friday, July 19th, Carlyle Group Inc. sold 65,636 shares of The Carlyle Group stock. The shares were sold at an average price of $34.12, for a total transaction of $2,239,500.32.
On Wednesday, July 17th, Carlyle Group Inc. sold 69,637 shares of The Carlyle Group stock. The shares were sold at an average price of $34.81, for a total transaction of $2,424,063.97.
On Monday, July 15th, Carlyle Group Inc. sold 93,187 shares of The Carlyle Group stock. The shares were sold at an average price of $31.70, for a total transaction of $2,954,027.90.
On Friday, July 12th, Carlyle Group Inc. sold 57,253 shares of The Carlyle Group stock. The shares were sold at an average price of $32.35, for a total transaction of $1,852,134.55.
On Wednesday, July 10th, Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock. The shares were sold at an average price of $30.09, for a total transaction of $733,895.10.
On Monday, July 8th, Carlyle Group Inc. sold 59,973 shares of The Carlyle Group stock. The shares were sold at an average price of $30.39, for a total transaction of $1,822,579.47.
On Friday, July 5th, Carlyle Group Inc. sold 50,739 shares of The Carlyle Group stock. The shares were sold at an average price of $31.15, for a total transaction of $1,580,519.85.
On Wednesday, July 3rd, Carlyle Group Inc. sold 52,724 shares of The Carlyle Group stock. The shares were sold at an average price of $30.87, for a total transaction of $1,627,589.88.
On Monday, July 1st, Carlyle Group Inc. sold 81,110 shares of The Carlyle Group stock. The shares were sold at an average price of $32.21, for a total transaction of $2,612,553.10.

The Carlyle Group Stock Up 1.9 %

NASDAQ:CG opened at $47.20 on Friday. The firm has a market cap of $16.99 billion, a P/E ratio of -26.37, a P/E/G ratio of 1.28 and a beta of 1.75. 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 fifty-two week low of $27.13 and a fifty-two week high of $48.52. The firm has a 50-day simple moving average of $42.27 and a two-hundred day simple moving average of $43.36.

The Carlyle Group (NASDAQ:CG – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. During the same period in the previous year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. Analysts predict that The Carlyle Group Inc. will post 3.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on CG. UBS Group dropped their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays raised their target price on shares of The Carlyle Group from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. TD Cowen dropped their target price on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.20.

Read Our Latest Report on The Carlyle Group

Institutional Trading of The Carlyle Group

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake 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 worth $54,000 after acquiring an additional 215 shares during the period. Riverwater Partners LLC boosted its holdings in shares of The Carlyle Group by 1.1% in the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after buying an additional 228 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of The Carlyle Group by 11.5% in the first quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock worth $115,000 after buying an additional 251 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. boosted its holdings in shares of The Carlyle Group by 2.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock worth $531,000 after buying an additional 271 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

About The Carlyle Group

(Get Free Report)

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.