The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Sells $557,500.00 in Stock

Posted by Micah Haroldson on Oct 15th, 2024

The Carlyle Group Inc. (NASDAQ:CG – Get Free Report) major shareholder Carlyle Group Inc. sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $2.23, for a total value of $557,500.00. Following the completion of the transaction, the insider now owns 2,905,461 shares in the company, valued at $6,479,178.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% 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 Friday, October 11th, Carlyle Group Inc. sold 92,905 shares of The Carlyle Group stock. The shares were sold at an average price of $2.27, for a total value of $210,894.35.
On Wednesday, October 9th, Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock. The stock was 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 stock was sold at an average price of $2.51, for a total value 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 value of $3,122,509.20.
On Monday, August 5th, Carlyle Group Inc. sold 118,172 shares of The Carlyle Group stock. The shares were 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 shares were 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 stock was 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 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.

The Carlyle Group Stock Down 0.1 %

CG traded down $0.04 on Tuesday, hitting $48.58. The company had a trading volume of 2,398,502 shares, compared to its average volume of 2,297,511. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $50.92. The stock has a fifty day simple moving average of $41.61 and a 200-day simple moving average of $42.81. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The firm 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 Carlyle Group (NASDAQ:CG – Get Free Report) last posted its quarterly earnings data 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 Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. During the same quarter last year, the company posted $0.88 EPS. The Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. As a group, equities analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

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

Analysts Set New Price Targets

CG has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of 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 cut their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Keefe, Bruyette & Woods reduced their price objective on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Barclays increased their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.33.

Read Our Latest Report on The Carlyle Group

Institutional Investors Weigh In On The Carlyle Group

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after acquiring an additional 1,756,189 shares during the period. Capital World Investors boosted its stake in shares of The Carlyle Group by 0.4% in the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after buying an additional 79,681 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after purchasing an additional 721,608 shares during the period. Ariel Investments LLC lifted its stake in shares of The Carlyle Group by 1.1% in the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after purchasing an additional 54,805 shares during the period. Finally, Capital International Investors bought a new stake in The Carlyle Group during the first quarter valued at approximately $142,511,000. 55.88% of the stock is owned by hedge funds and other 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.