Carlyle Group Inc. (NASDAQ:CG) General Counsel Jeffrey W. Ferguson Sells 202,606 Shares

Carlyle Group Inc. (NASDAQ:CG) General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the transaction, the general counsel directly owned 753,255 shares in the company, valued at $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $65.43 on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $65.97. The business has a 50 day moving average price of $55.40 and a two-hundred day moving average price of $48.34. The firm has a market cap of $23.67 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.90.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 18th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, August 18th. Carlyle Group’s payout ratio is 40.94%.

Analyst Ratings Changes

Several equities research analysts have commented on CG shares. Evercore ISI upped their price target on Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research note on Thursday, July 10th. Keefe, Bruyette & Woods raised their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, May 12th. Barclays reiterated an “overweight” rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Wells Fargo & Company raised their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Finally, Citigroup raised shares of Carlyle Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $65.00 in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $58.88.

Institutional Trading of Carlyle Group

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Carlyle Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock worth $1,270,586,000 after acquiring an additional 426,644 shares in the last quarter. Capital World Investors lifted its position in shares of Carlyle Group by 0.3% during the fourth quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock worth $998,609,000 after purchasing an additional 50,784 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Carlyle Group by 4.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,138,859 shares of the financial services provider’s stock worth $366,937,000 after purchasing an additional 311,300 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carlyle Group by 5.6% in the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after buying an additional 228,484 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Carlyle Group by 8.0% during the second quarter. Legal & General Group Plc now owns 3,366,980 shares of the financial services provider’s stock valued at $173,063,000 after buying an additional 248,107 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

About Carlyle Group

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.