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

The Carlyle Group Inc. (NASDAQ:CG) saw a significant decline in short interest in 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 trading volume, of 2,490,000 shares, the short-interest ratio is presently 3.9 days. Currently, 4.8% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CG. Redburn Atlantic began coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective on the stock. JMP Securities reissued a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. TD Cowen boosted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Barclays upped their target price on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.33.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 133,643 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares in the company, valued at $11,966,919.47. This trade represents a 2.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction on 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 transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock valued at $29,222,475 over the last 90 days. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors and hedge funds have recently bought and sold shares of CG. Tobam acquired a new position in The Carlyle Group during the 2nd quarter valued at about $27,000. Blue Trust Inc. raised its position in The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 643 shares in the last quarter. Brooklyn Investment Group acquired a new stake in The Carlyle Group in the 3rd quarter valued at about $33,000. Rothschild Investment LLC bought a new position in shares of The Carlyle Group during the 2nd quarter valued at about $50,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of The Carlyle Group in the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 1.2 %

NASDAQ:CG opened at $50.46 on Friday. The stock has a fifty day moving average price of $46.95 and a two-hundred day moving average price of $43.65. The Carlyle Group has a 1 year low of $31.21 and a 1 year high of $54.52. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 174.00, a PEG ratio of 1.36 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32.

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

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be given a $0.35 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The Carlyle Group’s payout ratio is currently 482.76%.

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.