The Carlyle Group Inc. (NASDAQ: CG – Get a rating) major shareholder Carlyle Group Inc. sold 14,852 shares of the company in a transaction that took place on Wednesday, August 3. The stock was sold at an average price of $45.02, for a total value of $668,637.04. Following the sale, the insider now directly owns 41,656,293 shares of the company, valued at $1,875,366,310.86. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Large shareholders who hold more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Carlyle Group shares down 1.1%
Carlyle Group stock traded down $0.42 at midday Friday, hitting $37.96. The company’s stock had a trading volume of 1,031,338 shares, compared to an average trading volume of 2,575,849 shares. The Carlyle Group Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $60.62. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt ratio of 1.24. The company has a market capitalization of $13.72 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.40 and a beta of 1.63. The company has a 50-day simple moving average of $34.86 and a 200-day simple moving average of $40.87.
The Carlyle Group (NASDAQ:CG – Get a rating) last released its quarterly results on Thursday, July 28. The financial services provider reported earnings per share of $1.17 for the quarter, beating analyst consensus estimates of $1.11 by $0.06. The Carlyle Group had a return on equity of 40.15% and a net margin of 31.86%. The company posted revenue of $1.16 billion for the quarter, versus $1.17 billion for analysts. On average, research analysts expect The Carlyle Group Inc. to post earnings per share of 4.09 for the current fiscal year.
The Carlyle Group announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 16. Shareholders of record on Tuesday August 9 will receive a dividend of $0.325 per share. This represents an annualized dividend of $1.30 and a dividend yield of 3.42%. The ex-date of this dividend is Monday, August 8. The Carlyle Group payout ratio is 23.77%.
Analysts set new price targets
CG has been the subject of a number of research analyst reports. Morgan Stanley raised its price target on The Carlyle Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday. Goldman Sachs Group cut its price target on Carlyle Group from $58.00 to $48.00 and placed a “buy” rating on the stock in a Wednesday, June 29 report. UBS Group raised its price target on Carlyle Group from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Monday. BMO Capital Markets lowered its target price on The Carlyle Group from $69.00 to $60.00 in a Friday, April 29 research note. To finish, StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a Wednesday, May 4 research note. One equity research analyst has assigned the stock a sell rating, four have issued a hold rating and eight have assigned the stock a buy rating. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.09.
Hedge funds weigh on the Carlyle Group
A number of hedge funds and other institutional investors have recently changed their positions in the stock. Commonwealth Equity Services LLC increased its stake in The Carlyle Group by 1.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 74,970 shares of the financial services provider valued at $4,115,000 after buying an additional 1,420 shares last quarter. CWM LLC acquired a new stock position in The Carlyle Group during Q4 for a value of approximately $56,000. Robeco Institutional Asset Management BV increased its position in shares of The Carlyle Group by 77.2% during the 4th quarter. Robeco Institutional Asset Management BV now owns 227,589 shares of the financial services provider worth $12,498,000 after buying an additional 99,122 shares in the last quarter. Qube Research & Technologies Ltd acquired a new equity position in The Carlyle Group during Q4 for a value of approximately $18,586,000. Finally, Fifth Third Bancorp increased its stake in The Carlyle Group by 35.7% in the fourth quarter. Fifth Third Bancorp now owns 2,964 shares of the financial services provider worth $163,000 after acquiring an additional 779 shares during the period. Hedge funds and other institutional investors hold 93.84% of the company’s shares.
Carlyle Group Company Profile
The Carlyle Group Inc is an investment company specializing in direct investments and funds of funds. Within direct investments, she specializes in management led/leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and medium-sized enterprises market, private equity placements, consolidations and accumulations, senior debt, mezzanine and leveraged financing and venture capital and growth capital financings, seed/start-up, business start-up , emerging growth, turnaround, middle business, late business, PIPES.
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