Insider Buying: The Carlyle Group Inc. (NASDAQ:CG) Major Shareholder Buys $10,816,455.24 in Stock

The Carlyle Group Inc. (NASDAQ:CG) major shareholder Subsidiary Holdings L.L.C. Cg bought 1,269,537 shares of the stock in a transaction on Tuesday, September 12th. The shares were acquired at an average cost of $8.52 per share, for a total transaction of $10,816,455.24. Following the purchase, the insider now owns 4,785,628 shares in the company, valued at $40,773,550.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Subsidiary Holdings L.L.C. Cg also recently made the following trade(s):

• On Monday, August 28th, Subsidiary Holdings L.L.C. Cg bought 3,012,049 shares of The Carlyle Group stock. The shares were acquired at an average cost of $8.30 per share, for a total transaction of $25,000,006.70.

The Carlyle Group Stock Up 2.7 %

Shares of CG opened at $33.55 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.79 and a debt-to-equity ratio of 1.32. The firm has a market cap of $12.08 billion, a P/E ratio of 29.69 and a beta of 1.70. The company’s 50-day moving average price is $32.53 and its 200 day moving average price is $30.88. The Carlyle Group Inc. has a 12-month low of $24.59 and a 12-month high of $38.32.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.23. The company had revenue of $977.90 million for the quarter, compared to analyst estimates of $809.12 million. The Carlyle Group had a net margin of 13.11% and a return on equity of 24.12%. On average, sell-side analysts forecast that The Carlyle Group Inc. will post 2.99 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a yield of 4.17%. The Carlyle Group’s dividend payout ratio (DPR) is presently 123.89%.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Toroso Investments LLC increased its stake in shares of The Carlyle Group by 1.9% during the fourth quarter. Toroso Investments LLC now owns 16,518 shares of the financial services provider’s stock worth $493,000 after buying an additional 304 shares during the period. Retirement Planning Co of New England Inc. increased its stake in shares of The Carlyle Group by 3.8% during the second quarter. Retirement Planning Co of New England Inc. now owns 10,158 shares of the financial services provider’s stock worth $325,000 after buying an additional 370 shares during the period. O ROURKE & COMPANY Inc increased its stake in shares of The Carlyle Group by 3.1% during the second quarter. O ROURKE & COMPANY Inc now owns 14,510 shares of the financial services provider’s stock worth $464,000 after buying an additional 433 shares during the period. Altshuler Shaham Ltd increased its stake in shares of The Carlyle Group by 13.3% during the fourth quarter. Altshuler Shaham Ltd now owns 3,775 shares of the financial services provider’s stock worth $113,000 after buying an additional 442 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of The Carlyle Group by 2.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 23,510 shares of the financial services provider’s stock worth $751,000 after buying an additional 453 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of The Carlyle Group in a research note on Saturday, August 19th. They set a “sell” rating on the stock. Barclays lowered their price target on shares of The Carlyle Group from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. Piper Sandler lowered their price target on shares of The Carlyle Group from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th. Finally, JMP Securities reissued a “market outperform” rating and set a $52.00 price target on shares of The Carlyle Group in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

The 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.