The Carlyle Group Inc. (NASDAQ:CG) Short Interest Down 6.6% in June

The Carlyle Group Inc. (NASDAQ:CG) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 16,770,000 shares, a decrease of 6.6% from the May 31st total of 17,950,000 shares. Currently, 8.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,150,000 shares, the short-interest ratio is presently 7.8 days.

The Carlyle Group Stock Up 1.1 %

CG stock traded up $0.43 during trading on Tuesday, reaching $40.01. 973,646 shares of the company traded hands, compared to its average volume of 2,253,053. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $48.52. The business has a 50 day simple moving average of $42.01 and a 200 day simple moving average of $42.98. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of -22.35, a price-to-earnings-growth ratio of 1.13 and a beta of 1.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. On average, equities research analysts anticipate that The Carlyle Group will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a $0.35 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.50%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Analysts Set New Price Targets

A number of research firms have weighed in on CG. Oppenheimer reduced their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Jefferies Financial Group reduced their target price on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. TD Cowen reduced their target price on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Finally, The Goldman Sachs Group dropped their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.60.

Insider Activity at The Carlyle Group

In related 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 transaction of $4,631,632.39. Following the sale, the insider now owns 12,123,705 shares in the company, valued at approximately $438,756,883.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 564,225 shares of company stock worth $20,034,011. Company 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 modified their holdings of CG. SYSTM Wealth Solutions LLC acquired a new stake in The Carlyle Group in the first quarter valued at approximately $34,000. CVA Family Office LLC acquired a new stake in The Carlyle Group in the fourth quarter valued at approximately $35,000. GAMMA Investing LLC acquired a new stake in The Carlyle Group in the fourth quarter valued at approximately $38,000. Global Retirement Partners LLC raised its holdings in The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in The Carlyle Group during the first quarter worth approximately $55,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

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.