The Carlyle Group Inc. (NASDAQ:CG) Short Interest Update

The Carlyle Group Inc. (NASDAQ:CGGet Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 17,950,000 shares, a decrease of 6.1% from the May 15th total of 19,120,000 shares. Currently, 8.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,090,000 shares, the short-interest ratio is currently 8.6 days.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $39.56 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $48.52. The firm’s fifty day simple moving average is $43.26 and its 200 day simple moving average is $42.78.

The Carlyle Group (NASDAQ:CGGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. As a group, research analysts expect that The Carlyle Group will post 3.9 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.54%. The Carlyle Group’s payout ratio is -78.21%.

Analyst Ratings Changes

CG has been the subject of several research analyst reports. Oppenheimer lowered their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. UBS Group increased their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Barclays dropped their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. TD Cowen lowered their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.60.

Check Out Our Latest Research Report on CG

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 64,263 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total transaction of $2,585,300.49. Following the sale, the insider now directly owns 12,395,920 shares of the company’s stock, valued at approximately $498,687,861.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 291,886 shares of company stock valued at $10,803,048 in the last ninety days. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently bought and sold shares of CG. Norges Bank bought a new position in The Carlyle Group during the 4th quarter worth $130,771,000. Capital International Investors acquired a new position in shares of The Carlyle Group in the 1st quarter worth $142,511,000. Boston Partners acquired a new stake in The Carlyle Group during the 1st quarter worth about $109,122,000. Vanguard Group Inc. lifted its position in shares of The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after acquiring an additional 1,756,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in The Carlyle Group by 194.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after purchasing an additional 1,712,133 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Company Profile

(Get Free Report)

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.

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