The Carlyle Group Inc. (NASDAQ:CG) Sees Significant Decline in Short Interest

The Carlyle Group Inc. (NASDAQ:CG) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 9,760,000 shares, a decrease of 11.1% from the November 30th total of 10,980,000 shares. Based on an average trading volume of 2,470,000 shares, the short-interest ratio is currently 4.0 days. Currently, 4.0% of the shares of the stock are sold short.

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. The trade was a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,171,556 shares of company stock worth $29,222,475. Insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of The Carlyle Group by 4.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,864 shares of the financial services provider’s stock worth $559,000 after buying an additional 495 shares during the last quarter. Franklin Resources Inc. grew its position in shares of The Carlyle Group by 145.6% in the 3rd quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider’s stock valued at $1,215,000 after buying an additional 16,723 shares during the last quarter. Tidal Investments LLC acquired a new stake in The Carlyle Group during the 3rd quarter worth $212,000. Finally, Toronto Dominion Bank lifted its position in The Carlyle Group by 15.0% in the third quarter. Toronto Dominion Bank now owns 57,801 shares of the financial services provider’s stock valued at $2,489,000 after acquiring an additional 7,533 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the subject of several analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. TD Cowen raised their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods upped their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Oppenheimer increased their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and an average price target of $54.00.

The Carlyle Group Stock Down 0.7 %

NASDAQ:CG traded down $0.35 during midday trading on Monday, reaching $50.52. The company had a trading volume of 972,675 shares, compared to its average volume of 2,332,851. The stock’s fifty day simple moving average is $51.66 and its 200-day simple moving average is $45.71. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group has a 12-month low of $36.65 and a 12-month high of $55.11. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of 174.21, a PEG ratio of 1.45 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 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 the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. On average, sell-side analysts anticipate that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.77%. The Carlyle Group’s dividend payout ratio (DPR) is currently 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.