The Carlyle Group Inc. (NASDAQ:CG – Get Rating) insider Bruce M. Larson sold 8,743 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $37.85, for a total value of $330,922.55. Following the completion of the transaction, the insider now owns 189,712 shares in the company, valued at $7,180,599.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The Carlyle Group Trading Up 2.7 %
CG opened at $38.76 on Thursday. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.40 and a beta of 1.63. The stock’s 50 day moving average price is $34.87 and its 200-day moving average price is $40.96. The Carlyle Group Inc. has a one year low of $30.01 and a one year high of $60.62. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.63 and a current ratio of 2.63.
The Carlyle Group (NASDAQ:CG – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. On average, equities analysts forecast that The Carlyle Group Inc. will post 4.09 EPS for the current year.
The Carlyle Group Announces Dividend
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. BMO Capital Markets lowered their price objective on The Carlyle Group from $69.00 to $60.00 in a research report on Friday, April 29th. Deutsche Bank Aktiengesellschaft decreased their target price on The Carlyle Group from $64.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Morgan Stanley boosted their target price on The Carlyle Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Oppenheimer boosted their target price on The Carlyle Group from $71.00 to $80.00 in a research report on Wednesday, April 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.09.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of CG. Assenagon Asset Management S.A. grew its stake in The Carlyle Group by 2,797.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,954,291 shares of the financial services provider’s stock worth $162,191,000 after purchasing an additional 2,852,342 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in The Carlyle Group by 10,648.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,590,270 shares of the financial services provider’s stock worth $74,297,000 after buying an additional 1,575,474 shares during the period. BlackRock Inc. lifted its holdings in The Carlyle Group by 7.2% during the first quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock worth $746,227,000 after buying an additional 1,020,504 shares during the period. Davis Capital Partners LLC purchased a new stake in The Carlyle Group during the first quarter worth $48,910,000. Finally, National Bank of Canada FI lifted its holdings in The Carlyle Group by 9,239.3% during the second quarter. National Bank of Canada FI now owns 957,180 shares of the financial services provider’s stock worth $30,304,000 after buying an additional 946,931 shares during the period. Institutional investors own 93.84% of the company’s stock.
The Carlyle Group Company Profile
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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