Daniel A. D’aniello Sells 495,542 Shares of The Carlyle Group Inc. (NASDAQ:CG) Stock

The Carlyle Group Inc. (NASDAQ:CG) Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

The Carlyle Group Trading Down 1.2 %

CG opened at $50.46 on Friday. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 174.00, a PEG ratio of 1.36 and a beta of 1.70. The Carlyle Group Inc. has a one year low of $31.21 and a one year high of $54.52. The business has a 50 day simple moving average of $46.95 and a two-hundred day simple moving average of $43.65. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results 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 net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the previous year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s payout ratio is currently 482.76%.

Analysts Set New Price Targets

CG has been the subject of several research analyst reports. Barclays lifted their price target on The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. UBS Group increased 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. Oppenheimer boosted their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.33.

Institutional Trading of The Carlyle Group

Large investors have recently bought and sold shares of the company. MML Investors Services LLC boosted its holdings in shares of The Carlyle Group by 11.0% during the 3rd quarter. MML Investors Services LLC now owns 17,085 shares of the financial services provider’s stock valued at $736,000 after buying an additional 1,688 shares in the last quarter. XTX Topco Ltd boosted its stake in The Carlyle Group by 54.2% during the third quarter. XTX Topco Ltd now owns 36,408 shares of the financial services provider’s stock worth $1,568,000 after acquiring an additional 12,801 shares in the last quarter. Wellington Management Group LLP grew its holdings in The Carlyle Group by 32.8% in the third quarter. Wellington Management Group LLP now owns 8,320 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 2,055 shares during the period. Worldquant Millennium Advisors LLC increased its stake in shares of The Carlyle Group by 42.6% during the third quarter. Worldquant Millennium Advisors LLC now owns 425,774 shares of the financial services provider’s stock valued at $18,334,000 after purchasing an additional 127,121 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of The Carlyle Group in the 3rd quarter worth approximately $1,501,000. 55.88% of the stock is owned by institutional investors.

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.