Insider Selling: The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Sells 92,905 Shares of Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Carlyle Group Inc. sold 92,905 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $2.27, for a total transaction of $210,894.35. Following the transaction, the insider now owns 3,155,461 shares in the company, valued at approximately $7,162,896.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 Monday, October 14th, Carlyle Group Inc. sold 250,000 shares of The Carlyle Group stock. The shares were sold at an average price of $2.23, for a total transaction of $557,500.00.
• 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 transaction of $1,978,357.24.
• On Monday, October 7th, Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock. The shares were sold at an average price of $2.51, for a total transaction 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 transaction 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 stock was 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 shares were sold at an average price of $39.11, for a total value of $6,448,339.47.
• On Monday, July 29th, Carlyle Group Inc. sold 158,090 shares of The Carlyle Group stock. The shares were sold at an average price of $38.85, for a total transaction 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 stock was sold at an average price of $38.97, for a total value of $8,368,106.04.

The Carlyle Group Stock Performance

Shares of CG stock traded down $0.04 during trading hours on Tuesday, reaching $48.58. 2,398,502 shares of the company’s stock were exchanged, compared to its average volume of 2,297,511. The stock has a market capitalization of $17.48 billion, a P/E ratio of -27.03, a P/E/G ratio of 1.25 and a beta of 1.73. 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 fifty-two week low of $27.13 and a fifty-two week high of $50.92. The business has a fifty day moving average price of $41.61 and a 200-day moving average price of $42.81.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the company earned $0.88 EPS. The company’s revenue was up 131.5% compared to the same quarter last year. Analysts predict that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were issued a $0.35 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.88%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CG. Barclays lifted their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their target price on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lowered their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price on the stock. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.33.

Institutional Investors Weigh In On The Carlyle Group

Several large investors have recently modified their holdings of the business. Tobam bought a new position in The Carlyle Group in the second quarter valued at approximately $27,000. Blue Trust Inc. raised its position in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new position in The Carlyle Group in the 2nd quarter valued at $50,000. GAMMA Investing LLC grew its holdings in shares of The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 215 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in shares of The Carlyle Group during the 1st quarter worth $55,000. 55.88% of the stock is currently owned by 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.