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

The Carlyle Group Inc. (NASDAQ:CG) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 9,790,000 shares, a decline of 37.3% from the October 15th total of 15,610,000 shares. Based on an average daily volume of 2,490,000 shares, the short-interest ratio is presently 3.9 days. Currently, 4.8% of the company’s shares are short sold.

Insider Transactions at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $2.51, for a total transaction of $335,443.93. Following the transaction, the insider now directly owns 4,767,697 shares in the company, valued at $11,966,919.47. The trade was a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock valued at $29,222,475 over the last three months. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

A number of institutional investors have recently modified their holdings of the company. Capital International Investors acquired a new position in The Carlyle Group during the first quarter worth $142,511,000. Boston Partners acquired a new position in shares of The Carlyle Group during the 1st quarter worth about $109,122,000. FMR LLC grew its holdings in shares of The Carlyle Group by 72.8% in 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 in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of The Carlyle Group by 17,468.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after acquiring an additional 1,705,982 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of The Carlyle Group in the 2nd quarter valued at about $37,009,000. 55.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CG has been the subject of several recent analyst reports. TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley increased their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Evercore ISI boosted their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Finally, UBS Group lifted their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.33.

The Carlyle Group Stock Down 1.2 %

Shares of NASDAQ:CG opened at $50.46 on Friday. The company has a 50 day moving average of $46.95 and a 200-day moving average of $43.65. The stock has a market cap of $18.05 billion, a price-to-earnings ratio of 174.00, a P/E/G ratio of 1.36 and a beta of 1.70. The Carlyle Group has a one year low of $31.21 and a one year high of $54.52. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. On average, sell-side analysts forecast that The Carlyle Group will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 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.