Insider Selling: The Carlyle Group LP (NASDAQ:CG) COO Sells $1,259,903.30 in Stock

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The Carlyle Group LP (NASDAQ:CG) COO Christopher Finn sold 55,138 shares of The Carlyle Group stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $22.85, for a total transaction of $1,259,903.30. Following the completion of the sale, the chief operating officer now directly owns 310,968 shares in the company, valued at approximately $7,105,618.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of CG opened at $23.46 on Thursday. The Carlyle Group LP has a 52-week low of $15.09 and a 52-week high of $25.99. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.72 and a current ratio of 2.72. The business’s fifty day simple moving average is $23.38. The firm has a market cap of $2.57 billion, a PE ratio of 8.92 and a beta of 1.67.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. The Carlyle Group had a return on equity of 6.07% and a net margin of 12.74%. The business had revenue of $550.70 million for the quarter, compared to analyst estimates of $496.69 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts predict that The Carlyle Group LP will post 1.6 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend is Friday, August 9th. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.19. The Carlyle Group’s payout ratio is currently 28.90%.

A number of research firms recently issued reports on CG. ValuEngine raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Raymond James reaffirmed a “buy” rating and set a $10.00 target price on shares of The Carlyle Group in a research note on Monday, June 3rd. TheStreet raised shares of The Carlyle Group from a “c” rating to a “b” rating in a research note on Thursday, May 9th. BidaskClub cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Barclays assumed coverage on shares of The Carlyle Group in a research note on Monday. They set an “equal weight” rating and a $25.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.23.

Several hedge funds and other institutional investors have recently bought and sold shares of CG. Geode Capital Management LLC raised its holdings in shares of The Carlyle Group by 12.3% during the 4th quarter. Geode Capital Management LLC now owns 89,204 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 9,767 shares during the period. Legal & General Group Plc raised its holdings in shares of The Carlyle Group by 22.5% during the 4th quarter. Legal & General Group Plc now owns 488,990 shares of the financial services provider’s stock worth $7,706,000 after acquiring an additional 89,844 shares during the period. Cordasco Financial Network purchased a new position in shares of The Carlyle Group during the 1st quarter worth $41,000. North Star Investment Management Corp. raised its holdings in shares of The Carlyle Group by 7.3% during the 1st quarter. North Star Investment Management Corp. now owns 13,200 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 900 shares during the period. Finally, LGT Capital Partners LTD. raised its holdings in shares of The Carlyle Group by 22.7% during the 1st quarter. LGT Capital Partners LTD. now owns 405,000 shares of the financial services provider’s stock worth $7,403,000 after acquiring an additional 75,000 shares during the period. Institutional investors and hedge funds own 41.16% of the company’s stock.

About The Carlyle Group

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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