Insider Selling: Carlyle Group Inc. (NASDAQ:CG) General Counsel Sells 202,606 Shares of Stock

Key Points

• Carlyle Group Inc. General Counsel Jeffrey W. Ferguson sold 202,606 shares of stock at an average price of $64.23, marking a 21.20% decrease in his holdings.
• The company recently announced a quarterly dividend of $0.35 per share, providing a 2.1% yield to shareholders, with the ex-dividend date set for August 18th.
• Analysts have increased their price targets for Carlyle Group, with recent estimates ranging from $45.00 to $70.00, reflecting a generally optimistic outlook.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total value of $13,013,383.38. Following the transaction, the general counsel owned 753,255 shares in the company, valued at $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Carlyle Group Trading Down 0.7%

NASDAQ:CG traded down $0.46 on Monday, hitting $63.40. 274,121 shares of the stock were exchanged, compared to its average volume of 2,822,750. The stock has a market cap of $22.93 billion, a PE ratio of 18.52, a PEG ratio of 1.17 and a beta of 1.90. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock has a fifty day moving average of $56.15 and a 200-day moving average of $48.34. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $65.97.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.2%. Carlyle Group's dividend payout ratio is currently 40.94%.

Institutional Investors Weigh In On Carlyle Group

A number of large investors have recently modified their holdings of the stock. Whipplewood Advisors LLC lifted its position in shares of Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after purchasing an additional 561 shares in the last quarter. Allworth Financial LP grew its stake in Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 299 shares in the last quarter. WFA of San Diego LLC acquired a new stake in Carlyle Group during the 2nd quarter valued at approximately $26,000. Private Trust Co. NA grew its stake in Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 321 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. JMP Securities boosted their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research report on Thursday. Jefferies Financial Group boosted their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Barclays restated an "overweight" rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Finally, Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Carlyle Group has a consensus rating of "Hold" and an average price target of $59.60.

Carlyle Group Company Profile

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.