The Carlyle Group LP (NASDAQ:CG) General Counsel Jeffrey W. Ferguson sold 55,026 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.07, for a total transaction of $1,819,709.82. Following the transaction, the general counsel now directly owns 957,409 shares in the company, valued at approximately $31,661,515.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:CG opened at $32.13 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 11.16 and a beta of 1.75. The firm’s fifty day simple moving average is $32.52 and its 200 day simple moving average is $27.86. The Carlyle Group LP has a twelve month low of $17.33 and a twelve month high of $34.98.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The Carlyle Group had a return on equity of 8.07% and a net margin of 13.72%. The firm had revenue of $460.30 million during the quarter, compared to the consensus estimate of $532.70 million. During the same period in the prior year, the firm earned ($0.15) EPS. The firm’s quarterly revenue was up 203.4% compared to the same quarter last year. On average, analysts predict that The Carlyle Group LP will post 2.12 earnings per share for the current year.
Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $36.00 to $35.00 in a research note on Thursday, February 6th. Zacks Investment Research upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Deutsche Bank increased their target price on The Carlyle Group from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, February 6th. BidaskClub cut The Carlyle Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. boosted their price target on The Carlyle Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Thirteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $27.27.
Several hedge funds and other institutional investors have recently modified their holdings of CG. Advisory Services Network LLC grew its stake in shares of The Carlyle Group by 66.1% in the fourth quarter. Advisory Services Network LLC now owns 930 shares of the financial services provider’s stock valued at $30,000 after buying an additional 370 shares in the last quarter. CFM Wealth Partners LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at about $61,000. Coastal Investment Advisors Inc. raised its holdings in shares of The Carlyle Group by 128.3% during the 4th quarter. Coastal Investment Advisors Inc. now owns 2,055 shares of the financial services provider’s stock valued at $61,000 after buying an additional 1,155 shares during the period. Winslow Evans & Crocker Inc. lifted its position in The Carlyle Group by 19.2% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 3,576 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 576 shares in the last quarter. Finally, Sandy Spring Bank lifted its position in The Carlyle Group by 215.5% during the 3rd quarter. Sandy Spring Bank now owns 3,660 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 2,500 shares in the last quarter. 47.92% of the stock is owned by institutional investors.
The Carlyle Group Company Profile
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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