Why Carlyle Group Shares Are Down Today

The Carlyle Group (CG) is down 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver looks like continued investor digestion of Carlyle’s mixed second-quarter results rather than a single new headline. The firm posted record fee-related earnings and strong fundraising, but GAAP profit, investment income, and net performance revenues were weaker than the year-ago period, which can pressure sentiment in a stock that is still sensitive to private-markets valuation and exit concerns.

Details:

Carlyle’s August 5, 2026 earnings release showed fee-related earnings of $358 million and distributable earnings of $472 million, while GAAP net income attributable to common stockholders fell to $137 million, or $0.37 per diluted share.

Total assets under management rose to $485 billion, inflows reached $16.8 billion in the quarter, and the company said it returned nearly $7 billion to clients during the period, showing operating momentum even as headline earnings were uneven.

The same release showed investment income, including performance allocations, dropped sharply year over year and net performance revenues turned negative, which may have outweighed the stronger fee metrics for some investors.

This could also reflect broader caution around listed alternative asset managers, where investors have remained focused on realization pace, private-credit exposure, and valuation resets even after company-specific positives such as Carlyle’s announced sale of Copia Power to EQT in July.

Sources:

Carlyle, SEC, Copia Power

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CG Insider Trading Activity

$CG insiders have traded $CG stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CG stock by insiders over the last 6 months:

DAVID M. RUBENSTEIN sold 500,000 shares for an estimated $23,340,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$CG Hedge Fund Activity

We have seen 285 institutional investors add shares of $CG stock to their portfolio, and 332 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 6,013,418 shares (-33.7%) from their portfolio in Q2 2026, for an estimated $253,225,031
BOSTON PARTNERS removed 5,533,198 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $267,751,451
AMUNDI added 2,749,781 shares (+419.0%) to their portfolio in Q2 2026, for an estimated $115,793,277
CAPITAL INTERNATIONAL INVESTORS removed 1,713,670 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $82,924,491
MILLENNIUM MANAGEMENT LLC removed 1,537,476 shares (-18.4%) from their portfolio in Q1 2026, for an estimated $74,398,463
HARRIS ASSOCIATES L P added 1,385,638 shares (+9.1%) to their portfolio in Q1 2026, for an estimated $67,051,022
NORGES BANK removed 1,230,321 shares (-25.2%) from their portfolio in Q2 2026, for an estimated $51,808,817

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CG Price Targets

Multiple analysts have issued price targets for $CG recently. We have seen 11 analysts offer price targets for $CG in the last 6 months, with a median target of $63.0.

Here are some recent targets:

Benjamin Budish from Barclays set a target price of $57.0 on 07/09/2026
Devin Ryan from Citizens set a target price of $70.0 on 07/09/2026
Ovais Habib from Scotiabank set a target price of $29.0 on 07/07/2026
Bill Katz from TD Cowen set a target price of $50.0 on 05/18/2026
Kenneth Worthington from JP Morgan set a target price of $63.0 on 05/08/2026
Michael Cyprys from Morgan Stanley set a target price of $66.0 on 04/21/2026
Glenn Schorr from Evercore ISI Group set a target price of $56.0 on 04/21/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.