The Carlyle Group Sees Unusually High Options Volume (NASDAQ:CG)

The Carlyle Group LP (NASDAQ:CG) saw some unusual options trading activity on Thursday. Stock traders purchased 27,097 call options on the company. This represents an increase of 2,112% compared to the typical daily volume of 1,225 call options.

Shares of The Carlyle Group stock opened at $21.07 on Friday. The business has a fifty day simple moving average of $23.38 and a two-hundred day simple moving average of $20.63. The Carlyle Group has a 1 year low of $15.09 and a 1 year high of $25.99. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 23.95 and a beta of 1.67. The company has a debt-to-equity ratio of 1.96, a current ratio of 2.72 and a quick ratio of 2.72.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. The business had revenue of $550.70 million during the quarter, compared to the consensus estimate of $496.69 million. The Carlyle Group had a return on equity of 6.07% and a net margin of 12.74%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. As a group, equities analysts anticipate that The Carlyle Group will post 1.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 12th will be given a dividend of $0.43 per share. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.72 annualized dividend and a yield of 8.16%. The Carlyle Group’s dividend payout ratio (DPR) is presently 65.40%.

In other news, COO Christopher Finn sold 55,138 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $22.85, for a total value of $1,259,903.30. Following the completion of the sale, the chief operating officer now directly owns 310,968 shares of the company’s stock, valued at approximately $7,105,618.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Management L.L.C sold 800,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.74, for a total value of $88,592,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 994,829 shares of company stock worth $93,013,243.

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of The Carlyle Group by 12.3% in the fourth quarter. Geode Capital Management LLC now owns 89,204 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 9,767 shares in the last quarter. Cordasco Financial Network acquired a new stake in shares of The Carlyle Group during the first quarter worth approximately $41,000. North Star Investment Management Corp. boosted its holdings in shares of The Carlyle Group by 7.3% during the first quarter. North Star Investment Management Corp. now owns 13,200 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 900 shares during the period. LGT Capital Partners LTD. boosted its holdings in shares of The Carlyle Group by 22.7% during the first quarter. LGT Capital Partners LTD. now owns 405,000 shares of the financial services provider’s stock worth $7,403,000 after purchasing an additional 75,000 shares during the period. Finally, Pennsylvania Trust Co boosted its holdings in shares of The Carlyle Group by 84.9% during the first quarter. Pennsylvania Trust Co now owns 24,302 shares of the financial services provider’s stock worth $4,572,000 after purchasing an additional 11,157 shares during the period. Hedge funds and other institutional investors own 40.87% of the company’s stock.

A number of analysts recently issued reports on the company. Raymond James reissued a “buy” rating and set a $10.00 target price on shares of The Carlyle Group in a research note on Monday, June 3rd. ValuEngine raised The Carlyle Group from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. BidaskClub downgraded The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Barclays assumed coverage on The Carlyle Group in a research report on Monday, August 5th. They set an “equal weight” rating and a $25.00 price target for the company. Finally, Credit Suisse Group downgraded The Carlyle Group from an “outperform” rating to a “neutral” rating and set a $22.00 price target for the company. in a research report on Tuesday, May 21st. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The Carlyle Group currently has an average rating of “Hold” and a consensus target price of $19.08.

About The Carlyle Group

The Carlyle Group L.P. 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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