Jeffrey W. Ferguson Sells 97,394 Shares of Carlyle Group Inc. (NASDAQ:CG) Stock

Key Points

• General Counsel Jeffrey W. Ferguson sold 97,394 shares of Carlyle Group Inc. at an average price of $62.37, totaling over $6 million, resulting in a 9.25% decrease in his ownership.
• Carlyle Group has announced a quarterly dividend of $0.35 per share, which will be paid on August 28th, representing an annualized yield of 2.1%.
• Recent analyst upgrades have increased Carlyle Group's target price, with firms like JMP Securities and Citigroup rating the stock as a "buy" and setting target prices of $70.00 and $65.00, respectively.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) General Counsel Jeffrey W. Ferguson sold 97,394 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $62.37, for a total value of $6,074,463.78. Following the completion of the transaction, the general counsel directly owned 955,861 shares in the company, valued at approximately $59,617,050.57. The trade was a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carlyle Group Price Performance

CG stock traded down $0.46 during trading on Monday, hitting $63.40. The stock had a trading volume of 274,121 shares, compared to its average volume of 2,822,750. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $65.97. The stock has a market capitalization of $22.93 billion, a P/E ratio of 18.52, a PEG ratio of 1.17 and a beta of 1.90. The company's 50-day moving average price is $56.15 and its two-hundred day moving average price is $48.34.

Carlyle Group Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on CG shares. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a research report on Wednesday, May 14th. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a research report on Thursday. Finally, JMP Securities increased their price target on Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Carlyle Group presently has an average rating of "Hold" and an average price target of $59.60.

Institutional Trading of Carlyle Group

Several institutional investors have recently made changes to their positions in CG. Whipplewood Advisors LLC raised its position in shares of Carlyle Group by 5,100.0% during the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after buying an additional 561 shares during the period. Allworth Financial LP raised its position in Carlyle Group by 150.3% in the second 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 during the period. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group during the second quarter worth $26,000. Private Trust Co. NA increased its position in shares of Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after acquiring an additional 321 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after buying an additional 574 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

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.