Carlyle Group Inc (NASDAQ:CG) shares traded 3.64% higher at $41.00 on Wall Street last session.
CG stock price is now -5.00% away from the 50-day moving average and 5.34% away from the 200-day moving average. The market capitalization of the company currently stands at $14.76B.
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With the price target enhanced from $40 to $41, Citigroup Downgraded its rating from Buy to Neutral for Carlyle Group Inc (NASDAQ: CG). On January 04, 2024, TD Cowen recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $42, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Carlyle Group Inc., 10% Owner sold 99,642 shares of the company’s stock on Jun 17 ’24. The stock was sold for $3,586,163 at an average price of $35.99. Upon completion of the transaction, the 10% Owner now directly owns 12,024,063 shares in the company, valued at $492.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, 10% Owner Carlyle Group Inc. sold 127,981 shares of the business’s stock. A total of $4,631,842 was realized by selling the stock at an average price of $36.19. This leaves the insider owning 12,123,705 shares of the company worth $497.07 million. A total of 41.98% of the company’s stock is owned by insiders.
During the past 12 months, Carlyle Group Inc has had a low of $27.13 and a high of $48.52. The fifty day moving average price for CG is $43.0198 and a two-hundred day moving average price translates $38.9636 for the stock.
The latest earnings results from Carlyle Group Inc (NASDAQ: CG) was released for 2024-03-31. The net profit margin was -20.58% and return on equity was -11.44% for CG. The company reported revenue of $688.4 million for the quarter, compared to $859.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.86 percent.
