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

The Carlyle Group Inc. (NASDAQ:CG) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 16,920,000 shares, a decrease of 10.0% from the July 15th total of 18,800,000 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,300,000 shares, the days-to-cover ratio is currently 7.4 days.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the completion of the transaction, the insider now owns 12,123,705 shares of the company’s stock, valued at $438,756,883.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 2,261,559 shares of company stock worth $82,700,460 in the last three months. 27.20% of the stock is owned by insiders.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $130,771,000. Capital International Investors purchased a new position in The Carlyle Group in the 1st quarter worth about $142,511,000. Boston Partners purchased a new position in The Carlyle Group in the 1st quarter worth about $109,122,000. Vanguard Group Inc. increased its stake in 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 worth $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased 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 in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

CG has been the topic of several research reports. TD Cowen upped their target price on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group dropped their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Barclays dropped their target price on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Jefferies Financial Group dropped their target price on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, Oppenheimer lowered their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.43.

The Carlyle Group Trading Down 1.4 %

Shares of CG stock traded down $0.57 during trading hours on Friday, reaching $41.11. 1,658,648 shares of the stock were exchanged, compared to its average volume of 2,298,648. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of -22.97, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group has a 12-month low of $27.13 and a 12-month high of $50.92. The company’s 50-day moving average price is $42.13 and its 200-day moving average price is $43.69.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 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 131.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS. As a group, equities analysts anticipate that The Carlyle Group will post 3.87 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 16th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, August 16th. The Carlyle Group’s payout ratio is -78.21%.

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.