Short Interest in The Carlyle Group Inc. (NASDAQ:CG) Drops By 37.3%

The Carlyle Group Inc. (NASDAQ:CG) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 9,790,000 shares, a decrease of 37.3% from the October 15th total of 15,610,000 shares. Currently, 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,490,000 shares, the days-to-cover ratio is currently 3.9 days.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CG shares. Barclays boosted their price objective on shares of The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Redburn Atlantic initiated coverage on The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. TD Cowen boosted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Keefe, Bruyette & Woods upped their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.33.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the completion of the sale, the insider now owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 1,676,014 shares of company stock valued at $3,687,196. 27.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CG. Capital International Investors acquired a new position in shares of The Carlyle Group in the 1st quarter worth approximately $142,511,000. Boston Partners acquired a new position in The Carlyle Group in the first quarter worth approximately $109,122,000. FMR LLC lifted its position in shares of The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of The Carlyle Group by 17,468.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after acquiring an additional 1,705,982 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of The Carlyle Group during the second quarter worth $37,009,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

CG stock traded up $0.12 during midday trading on Thursday, reaching $51.46. The company had a trading volume of 400,092 shares, compared to its average volume of 2,346,373. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average price of $46.42 and a 200 day moving average price of $43.57. The firm has a market capitalization of $18.41 billion, a PE ratio of 177.03, a P/E/G ratio of 1.38 and a beta of 1.70. The Carlyle Group has a fifty-two week low of $31.21 and a fifty-two week high of $54.52.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same period last year, the firm posted $0.87 EPS. The Carlyle Group’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts anticipate that The Carlyle Group will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.72%. The Carlyle Group’s payout ratio is 482.76%.

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.