Short Interest in The Carlyle Group Inc. (NASDAQ:CG) Increases By 5.9%

The Carlyle Group Inc. (NASDAQ:CG) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 17,040,000 shares, an increase of 5.9% from the September 15th total of 16,090,000 shares. Based on an average trading volume of 2,430,000 shares, the short-interest ratio is presently 7.0 days. Currently, 8.3% of the company’s stock are short sold.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 65,636 shares of The Carlyle Group stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $34.12, for a total transaction of $2,239,500.32. Following the completion of the sale, the insider now directly owns 10,562,558 shares in the company, valued at $360,394,478.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 2,884,335 shares of company stock worth $50,746,281. Corporate insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several institutional investors have recently made changes to their positions in the business. Tobam acquired a new position in The Carlyle Group during the second quarter worth $27,000. Blue Trust Inc. lifted its holdings in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. GAMMA Investing LLC boosted its position in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after buying an additional 215 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in The Carlyle Group during the first quarter worth about $55,000. Finally, Compass Wealth Management LLC bought a new position in shares of The Carlyle Group in the first quarter valued at approximately $57,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CG. Wells Fargo & Company raised their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Morgan Stanley increased their price target on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Redburn Atlantic initiated coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $50.27.

The Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $1.92 during mid-day trading on Thursday, hitting $51.34. The company had a trading volume of 8,815,335 shares, compared to its average volume of 2,329,625. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $51.40. The firm has a market cap of $18.48 billion, a P/E ratio of -28.68, a PEG ratio of 1.25 and a beta of 1.73. The business’s 50-day simple moving average is $42.26 and its 200-day simple moving average is $42.93. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The Carlyle Group’s revenue was up 131.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS. As a group, analysts predict that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio is -78.21%.

The Carlyle Group Company Profile

The Carlyle Group Inc 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.