The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) major shareholder Carlyle Group Inc. sold 924,466 shares of the business's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares of the company's stock, valued at $7,796,514.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Carlyle Group Inc. also recently made the following trade(s):
- 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 value 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 value 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 transaction 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 shares were sold at an average price of $39.05, for a total transaction 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.
- On Monday, July 22nd, Carlyle Group Inc. sold 135,241 shares of The Carlyle Group stock. The shares were sold at an average price of $35.31, for a total value of $4,775,359.71.
- 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 value of $2,239,500.32.
The Carlyle Group Trading Up 2.8 %
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Shares of The Carlyle Group stock opened at $48.27 on Friday. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The firm's 50-day moving average price is $41.46 and its 200 day moving average price is $42.85. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $17.20 billion, a PE ratio of -43.10, a P/E/G ratio of 1.25 and a beta of 1.73.
The Carlyle Group (NASDAQ:CG - Get Free Report) 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 analysts' consensus estimates of $0.83 by ($0.05). The firm had revenue of $1.07 billion during 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 revenue was up 131.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, sell-side analysts predict that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, August 16th. The Carlyle Group's dividend payout ratio is currently -125.00%.
Institutional Trading of The Carlyle Group
Hedge funds have recently bought and sold shares of the business. Tobam acquired a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. boosted its stake in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock worth $31,000 after buying an additional 643 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of The Carlyle Group by 22.8% in the 1st 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 last quarter. 1832 Asset Management L.P. acquired a new stake in shares of The Carlyle Group in the 1st quarter worth $55,000. Finally, Compass Wealth Management LLC acquired a new position in shares of The Carlyle Group during the 1st quarter valued at about $57,000. Institutional investors and hedge funds own 55.88% of the company's stock.
Analyst Upgrades and Downgrades
CG has been the topic of several recent research reports. Oppenheimer dropped their price objective on shares of The Carlyle Group from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Tuesday, August 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $60.00 price target on shares of The Carlyle Group in a report on Wednesday. Redburn Atlantic assumed coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a "buy" rating and a $55.00 price objective for the company. Wells Fargo & Company raised their target price on The Carlyle Group from $42.00 to $48.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded The Carlyle Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $46.00 to $44.00 in a report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, The Carlyle Group currently has a consensus rating of "Hold" and an average target price of $48.33.
Get Our Latest Research Report on The Carlyle Group
About The Carlyle Group
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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.
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