The Carlyle Group Inc. (NASDAQ:CG) Director Sells $25,535,279.26 in Stock

The Carlyle Group Inc. (NASDAQ:CG) Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Carlyle Group Stock Up 0.4 %

Shares of CG traded up $0.19 during trading hours on Friday, reaching $51.28. The company’s stock had a trading volume of 141,480 shares, compared to its average volume of 2,340,893. The company has a 50 day moving average of $46.68 and a two-hundred day moving average of $43.62. The Carlyle Group Inc. has a 1-year low of $31.21 and a 1-year high of $54.52. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 176.17, a P/E/G ratio of 1.36 and a beta of 1.70. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the prior year, the business earned $0.87 earnings per share. The Carlyle Group’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.73%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays upped their target price on shares of The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, UBS Group upped their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.33.

Institutional Trading of The Carlyle Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CG. Centiva Capital LP bought a new position in The Carlyle Group during the third quarter worth about $854,000. Cinctive Capital Management LP acquired a new stake in The Carlyle Group in the 3rd quarter valued at approximately $2,938,000. Benjamin Edwards Inc. increased its position in shares of The Carlyle Group by 2,584.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 18,011 shares of the financial services provider’s stock worth $775,000 after purchasing an additional 17,340 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of The Carlyle Group during the 3rd quarter worth approximately $562,000. Finally, Verition Fund Management LLC acquired a new position in shares of The Carlyle Group during the 3rd quarter worth approximately $316,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

About The 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.