Insider Selling: Curtis L. Buser Sells 2,291 Shares of Carlyle Group LP Stock (CG)
Carlyle Group LP (NYSE:CG) CAO Curtis L. Buser sold 2,291 shares of Carlyle Group LP stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $33.25, for a total transaction of $76,175.75. Following the completion of the sale, the chief accounting officer now directly owns 76,560 shares of the company’s stock, valued at approximately $2,545,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Carlyle Group LP (NYSE:CG) traded down 1.61% on Wednesday, hitting $32.43. 595,322 shares of the company’s stock traded hands. Carlyle Group LP has a 1-year low of $23.85 and a 1-year high of $38.13. The stock’s 50-day moving average is $35.74 and its 200-day moving average is $30.43. The company has a market cap of $1.598 billion and a price-to-earnings ratio of 34.69.
A number of research firms have recently commented on CG. Analysts at Deutsche Bank initiated coverage on shares of Carlyle Group LP in a research note to investors on Tuesday, January 28th. They set a “buy” rating and a $43.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Carlyle Group LP from $30.00 to $33.00 in a research note to investors on Thursday, November 14th. They now have an “equal weight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Carlyle Group LP from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, November 14th. They now have a $36.00 price target on the stock, up previously from $33.00. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.13.
The Carlyle Group L.P. is a global alternative asset management firm. The Company advises an array of specialized investment funds and other investment vehicles that invest across a range of industries, geographies, asset classes and investment strategies.
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