The Carlyle Group LP (NASDAQ:CG) CFO Curtis L. Buser sold 36,773 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.07, for a total value of $1,216,083.11. Following the completion of the transaction, the chief financial officer now directly owns 946,812 shares in the company, valued at approximately $31,311,072.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ CG opened at $32.13 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 1.97. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 11.16 and a beta of 1.75. The company has a 50 day moving average of $32.52 and a 200-day moving average of $27.86. The Carlyle Group LP has a 1-year low of $17.33 and a 1-year high of $34.98.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The Carlyle Group had a return on equity of 8.07% and a net margin of 13.72%. The firm had revenue of $460.30 million for the quarter, compared to analyst estimates of $532.70 million. During the same quarter last year, the company earned ($0.15) EPS. The company’s revenue was up 203.4% on a year-over-year basis. On average, equities research analysts forecast that The Carlyle Group LP will post 2.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.11%. The Carlyle Group’s payout ratio is 72.94%.
Large investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC acquired a new stake in shares of The Carlyle Group during the 3rd quarter worth approximately $243,000. SRS Capital Advisors Inc. boosted its holdings in shares of The Carlyle Group by 30.7% in the 3rd quarter. SRS Capital Advisors Inc. now owns 4,000 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 939 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of The Carlyle Group by 66.0% in the 3rd quarter. California Public Employees Retirement System now owns 239,404 shares of the financial services provider’s stock valued at $6,119,000 after purchasing an additional 95,193 shares in the last quarter. Stifel Financial Corp increased its stake in shares of The Carlyle Group by 10.9% in the 3rd quarter. Stifel Financial Corp now owns 158,279 shares of the financial services provider’s stock valued at $4,049,000 after purchasing an additional 15,494 shares during the last quarter. Finally, BB&T Securities LLC bought a new position in shares of The Carlyle Group in the 3rd quarter valued at $280,000. Hedge funds and other institutional investors own 47.92% of the company’s stock.
CG has been the topic of a number of recent research reports. Deutsche Bank increased their target price on The Carlyle Group from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, February 6th. Citigroup downgraded The Carlyle Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $35.00 in a research note on Thursday, February 6th. Zacks Investment Research raised The Carlyle Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Sandler O’Neill began coverage on The Carlyle Group in a research report on Tuesday, December 10th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, Credit Suisse Group lowered their price objective on The Carlyle Group from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Thirteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.27.
The Carlyle Group Company Profile
The Carlyle Group L.P. 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.
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