Christopher Finn Sells 34,054 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

Posted by MarketBeat News on Aug 4th, 2022

The Carlyle Group Inc. (NASDAQ:CG – Get Rating) COO Christopher Finn sold 34,054 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $37.85, for a total value of $1,288,943.90. Following the transaction, the chief operating officer now directly owns 831,950 shares of the company’s stock, valued at $31,489,307.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $38.76 on Thursday. The Carlyle Group Inc. has a 12 month low of $30.01 and a 12 month high of $60.62. The stock’s 50 day moving average is $34.87 and its 200-day moving average is $40.96. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.40 and a beta of 1.63.

The Carlyle Group (NASDAQ:CG – Get Rating) last posted its earnings results on Thursday, July 28th. The financial services provider reported $1.17 EPS for the quarter, beating 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 the consensus estimate of $1.17 billion. Equities research analysts expect that The Carlyle Group Inc. will post 4.09 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th will be given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Monday, August 8th. The Carlyle Group’s payout ratio is 23.77%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CG shares. Oppenheimer upped their price objective on The Carlyle Group from $71.00 to $80.00 in a research report on Wednesday, April 13th. JMP Securities initiated coverage on The Carlyle Group in a report on Wednesday, June 8th. They set an “outperform” rating and a $60.00 target price on the stock. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a report on Thursday, July 28th. Morgan Stanley upped their target price on The Carlyle Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on The Carlyle Group from $64.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.09.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. acquired a new stake in The Carlyle Group during the first quarter worth approximately $28,000. Burleson & Company LLC acquired a new stake in The Carlyle Group during the first quarter worth approximately $29,000. CVA Family Office LLC grew its position in The Carlyle Group by 257.1% during the first quarter. CVA Family Office LLC now owns 625 shares of the financial services provider’s stock worth $31,000 after buying an additional 450 shares in the last quarter. Parkside Investments LLC acquired a new stake in The Carlyle Group during the first quarter worth approximately $48,000. Finally, Herold Advisors Inc. acquired a new stake in The Carlyle Group during the first quarter worth approximately $49,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

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.