The Carlyle Group Inc. (NASDAQ:CG) Short Interest Update

The Carlyle Group Inc. (NASDAQ:CG – Get Rating) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 19,020,000 shares, an increase of 7.0% from the February 13th total of 17,770,000 shares. Currently, 9.4% of the company’s shares are short sold. Based on an average trading volume of 3,210,000 shares, the short-interest ratio is currently 5.9 days.

The Carlyle Group Trading Up 1.0 %

NASDAQ:CG opened at $30.59 on Thursday. The stock’s 50 day moving average price is $34.17 and its 200 day moving average price is $30.90. The company has a market capitalization of $11.14 billion, a PE ratio of 9.01 and a beta of 1.70. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.20. The Carlyle Group has a 52-week low of $24.59 and a 52-week high of $50.40.

The Carlyle Group (NASDAQ:CG – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. The Carlyle Group had a return on equity of 27.50% and a net margin of 27.60%. The firm’s quarterly revenue was down 44.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.01 EPS. On average, research analysts anticipate that The Carlyle Group will post 3.53 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 22nd were paid a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a $1.30 annualized dividend and a dividend yield of 4.25%. The Carlyle Group’s dividend payout ratio (DPR) is currently 38.69%.

Insider Buying and Selling

In related news, COO Christopher Finn sold 11,096 shares of the stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $36.36, for a total transaction of $403,450.56. Following the transaction, the chief operating officer now owns 960,825 shares of the company’s stock, valued at approximately $34,935,597. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Christopher Finn sold 11,096 shares of the stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $36.36, for a total transaction of $403,450.56. Following the transaction, the chief operating officer now owns 960,825 shares of the company’s stock, valued at approximately $34,935,597. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Carlyle Group Inc. bought 3,133,333 shares of the firm’s stock in a transaction that occurred on Friday, January 27th. The shares were purchased at an average cost of $1.50 per share, for a total transaction of $4,699,999.50. Following the purchase, the insider now owns 8,761,891 shares in the company, valued at approximately $13,142,836.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 110,552 shares of company stock valued at $4,001,032. Corporate insiders own 29.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CG. Beutel Goodman & Co Ltd. purchased a new position in shares of The Carlyle Group in the 3rd quarter valued at approximately $106,404,000. Norges Bank purchased a new position in shares of The Carlyle Group in the 4th quarter valued at approximately $102,358,000. Ariel Investments LLC purchased a new position in shares of The Carlyle Group in the 4th quarter valued at approximately $87,324,000. William Blair Investment Management LLC acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at approximately $84,912,000. Finally, Natixis lifted its holdings in shares of The Carlyle Group by 248.7% in the 4th quarter. Natixis now owns 3,951,855 shares of the financial services provider’s stock valued at $118,030,000 after buying an additional 2,818,489 shares during the period. 52.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CG has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on The Carlyle Group from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Barclays initiated coverage on The Carlyle Group in a research report on Thursday, March 2nd. They issued an “overweight” rating and a $41.00 price target on the stock. Morgan Stanley increased their price target on The Carlyle Group from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 24th. Piper Sandler reduced their price target on The Carlyle Group from $58.00 to $48.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 8th. Finally, Keefe, Bruyette & Woods downgraded The Carlyle Group from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a report on Monday, January 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.31.

The Carlyle Group Company Profile

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The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.