The Carlyle Group Inc. (NASDAQ:CG – Get a rating) was the target of a significant increase in short interest in April. As of April 30, there was short interest totaling 7,280,000 shares, an increase of 61.4% from the April 15 total of 4,510,000 shares. Based on an average daily volume of 2,760,000 shares, the short interest rate is currently 2.6 days. Approximately 3.9% of the company’s shares are sold short.
A number of brokerages have commented on CG. Morgan Stanley cut its price target on The Carlyle Group from $59.00 to $54.00 and set an “equal weight” rating on the stock in a Wednesday, April 20 research note. Goldman Sachs Group cut its price target on Carlyle Group from $66.00 to $56.00 and set a “buy” rating on the stock in a Tuesday, March 29 research note. BMO Capital Markets lowered its price target on The Carlyle Group from $69.00 to $60.00 in a Friday, April 29 research note. Oppenheimer raised his target price on the Carlyle Group from $71.00 to $80.00 in a Wednesday, April 13 report. To finish, StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a Wednesday, May 4, report. One analyst has rated the security with a sell rating, four have issued a hold rating and seven have issued a buy rating for the security. According to MarketBeat, the stock currently has a consensus buy rating and a consensus price target of $54.50.
In other news, major shareholder Carlyle Group Inc. sold 8,546 Carlyle Group shares in a trade on Thursday, April 7. The stock was sold at an average price of $57.23, for a total value of $489,087.58. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. Over the past ninety days, insiders have sold 93,969 shares of the company valued at $5,369,291. Insiders of the company hold 36.30% of the shares of the company.
Hedge funds and other institutional investors have recently changed their stakes in the company. Westside Investment Management Inc. bought a new position in The Carlyle Group during Q1 worth $28,000. Burleson & Company LLC acquired a new equity stake in The Carlyle Group during Q1 valued at $29,000. CVA Family Office LLC increased its position in shares of The Carlyle Group by 257.1% during the 1st quarter. CVA Family Office LLC now owns 625 shares of the financial services provider valued at $31,000 after acquiring an additional 450 shares in the last quarter. Ellevest Inc. increased its position in shares of The Carlyle Group by 495.2% during the fourth quarter. Ellevest Inc. now owns 619 shares of the financial services provider valued at $34,000 after acquiring an additional 515 shares in the last quarter. Finally, the Canada Pension Plan Investment Board acquired a new equity stake in The Carlyle Group during the 4th quarter at a value of $45,000. 93.84% of the shares are held by hedge funds and other institutional investors.
Shares of CG action opened at $37.67 on Friday. The Carlyle Group has a 12-month low of $34.62 and a 12-month high of $60.62. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 5.13, a growth price-to-earnings ratio of 0.36, and a beta of 1.55. The company has a 50-day simple moving average of $42.72 and a 200-day simple moving average of $49.00. The company has a debt ratio of 1.25, a current ratio of 2.65 and a quick ratio of 2.65.
The Carlyle Group (NASDAQ:CG – Get a rating) last released its quarterly earnings data on Thursday, April 28. The financial services provider reported earnings per share (EPS) of $0.74 for the quarter, missing analyst consensus estimates of $1.02 per ($0.28). The Carlyle Group had a return on equity of 41.54% and a net margin of 33.77%. The company posted revenue of $779.50 million in the quarter, versus a consensus estimate of $1.06 billion. During the same period last year, the company earned earnings per share of $0.58. The company’s quarterly revenue increased by 27.3% compared to the same quarter last year. On average, stock analysts expect The Carlyle Group to post EPS of 4.17 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 17. Shareholders of record on Tuesday, May 10 will receive a dividend of $0.325 per share. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.25. This represents a dividend of $1.30 on an annualized basis and a yield of 3.45%. The ex-dividend date is Monday, May 9. The Carlyle Group’s dividend payout ratio (DPR) is currently 17.69%.
Carlyle Group Company Profile (Get a rating)
The Carlyle Group Inc is an investment company specializing in direct investments and funds of funds. Within direct investments, she specializes in management led/leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and medium-sized enterprises market, private equity placements, consolidations and accumulations, senior debt, mezzanine and leveraged financing and venture capital and growth capital financings, seed/start-up, business start-up , emerging growth, turnaround, middle business, late business, PIPES.
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