Rep. Jefferson Shreve Sells Carlyle Group Inc. (NASDAQ:CG) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Carlyle Group Inc. NASDAQ: CG. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Carlyle Group stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Carlyle Group Trading Up 1.8%

NASDAQ CG traded up $1.14 during trading hours on Friday, reaching $63.45. The company had a trading volume of 2,155,294 shares, compared to its average volume of 2,857,618. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $22.91 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 1.18 and a beta of 1.86. The stock has a 50-day moving average of $50.74 and a 200 day moving average of $47.54. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $63.75.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The firm had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. During the same quarter last year, the firm earned $1.01 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CG shares. Bank of America decreased their target price on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research note on Friday, April 4th. Morgan Stanley cut their price target on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company boosted their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Evercore ISI boosted their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. Finally, Citigroup upgraded shares of Carlyle Group from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $44.00 to $65.00 in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Carlyle Group currently has an average rating of "Hold" and a consensus target price of $57.73.

Hedge Funds Weigh In On Carlyle Group

Several hedge funds have recently added to or reduced their stakes in CG. Teacher Retirement System of Texas purchased a new position in shares of Carlyle Group during the first quarter worth approximately $1,481,000. Korea Investment CORP grew its position in shares of Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after acquiring an additional 36,873 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Carlyle Group by 105.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider's stock worth $476,000 after acquiring an additional 5,611 shares during the last quarter. Invesco Ltd. grew its position in Carlyle Group by 9.7% in the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock valued at $32,856,000 after buying an additional 57,606 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after buying an additional 321 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.