Short Interest in The Carlyle Group Inc. (NASDAQ:CG) Increases By 8.5%

The Carlyle Group Inc. (NASDAQ:CG) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 10,620,000 shares, a growth of 8.5% from the October 31st total of 9,790,000 shares. Based on an average daily trading volume, of 2,490,000 shares, the short-interest ratio is presently 4.3 days. Currently, 4.3% of the company’s shares are sold short.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction that occurred on 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 approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Corporate insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Large investors have recently modified their holdings of the stock. Tobam purchased a new position in shares of The Carlyle Group in the second quarter worth $27,000. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 643 shares during the last quarter. Brooklyn Investment Group bought a new position in The Carlyle Group during the third quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new stake in The Carlyle Group in the second quarter worth approximately $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Down 0.6 %

The Carlyle Group stock traded down $0.30 during mid-day trading on Wednesday, reaching $52.18. 436,524 shares of the company traded hands, compared to its average volume of 2,357,156. The firm’s 50 day moving average price is $49.73 and its 200 day moving average price is $44.54. The Carlyle Group has a 52-week low of $34.72 and a 52-week high of $55.11. 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 firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 180.97, a P/E/G ratio of 1.39 and a beta of 1.69.

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

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Analyst Ratings Changes

CG has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Morgan Stanley upped their price target on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Redburn Atlantic began coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. Finally, Oppenheimer lifted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $53.33.

About The Carlyle Group

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.