Carlyle Group Inc. (NASDAQ:CG – Get Free Report) Director David Rubenstein sold 400,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the completion of the transaction, the director owned 26,899,644 shares in the company, valued at $1,149,690,784.56. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Carlyle Group Price Performance
CG opened at $42.34 on Friday. Carlyle Group Inc. has a 12-month low of $39.60 and a 12-month high of $69.85. The business’s fifty day simple moving average is $46.80 and its 200-day simple moving average is $47.09. The company has a market capitalization of $15.09 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 1.33 and a beta of 1.84. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91.
Carlyle Group (NASDAQ:CG – Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $923.50 million. During the same period in the prior year, the business earned $0.87 EPS. The firm’s quarterly revenue was down 28.6% on a year-over-year basis. On average, equities research analysts anticipate that Carlyle Group Inc. will post 3.65 earnings per share for the current fiscal year.
Carlyle Group Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group during the second quarter valued at $26,000. Quarry LP acquired a new stake in Carlyle Group during the 3rd quarter worth about $33,000. Main Street Group LTD purchased a new stake in Carlyle Group during the 1st quarter valued at about $27,000. Brown Brothers Harriman & Co. acquired a new position in shares of Carlyle Group in the third quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CG. Wall Street Zen raised Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. UBS Group raised their price objective on Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citizens Jmp boosted their target price on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. TD Cowen restated a “hold” rating on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $59.31.
Get Our Latest Stock Analysis on Carlyle Group
About Carlyle Group
The Carlyle Group Inc (NASDAQ:CG) is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across private equity, global credit and investment solutions, with strategies spanning corporate, real estate and infrastructure investments.
Carlyle’s investment activities include acquiring and supporting companies through its corporate private equity platform, providing loans and other financing through its credit business, and managing portfolios of private market investments through its investment solutions platform.
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