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 Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

The Carlyle Group Price Performance

CG opened at $50.46 on Friday. The business has a fifty day moving average of $46.95 and a 200 day moving average of $43.65. The Carlyle Group Inc. has a 52-week low of $31.21 and a 52-week high of $54.52. 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 stock has a market cap of $18.05 billion, a P/E ratio of 174.00, a PEG ratio of 1.36 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. As a group, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tobam bought a new position in shares of The Carlyle Group in the 2nd quarter worth $27,000. Blue Trust Inc. boosted its position in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 643 shares during the last quarter. Brooklyn Investment Group acquired a new position in The Carlyle Group during the third quarter worth about $33,000. Rothschild Investment LLC acquired a new position in The Carlyle Group in the 2nd quarter valued at about $50,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of The Carlyle Group in the 1st quarter worth approximately $55,000. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CG has been the subject of several research analyst reports. Evercore ISI raised their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Redburn Atlantic initiated coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target for the company. JPMorgan Chase & Co. raised their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, TD Cowen lifted their target price on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.33.

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.