Short Interest in The Carlyle Group Inc. (NASDAQ:CG) Rises By 7.0%

The Carlyle Group Inc. (NASDAQ:CG – Get Rating) was the recipient of a large increase in short interest in the month of 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 daily volume of 3,210,000 shares, the short-interest ratio is presently 5.9 days.

The Carlyle Group Stock Down 1.4 %

NASDAQ:CG opened at $30.42 on Friday. The company has a market cap of $11.08 billion, a PE ratio of 9.05 and a beta of 1.70. The Carlyle Group has a twelve month low of $24.59 and a twelve month high of $50.40. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $34.18 and its two-hundred day moving average is $30.90.

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

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 22nd were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Tuesday, February 21st. The Carlyle Group’s dividend payout ratio (DPR) is currently 38.69%.

Insider Buying and Selling

In related news, insider Bruce M. Larson sold 19,476 shares of The Carlyle Group stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $36.10, for a total transaction of $703,083.60. Following the completion of the sale, the insider now owns 416,482 shares in the company, valued at approximately $15,035,000.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Christopher Finn sold 20,756 shares of The Carlyle Group stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $36.10, for a total transaction of $749,291.60. Following the completion of the sale, the chief operating officer now owns 982,654 shares in the company, valued at approximately $35,473,809.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce M. Larson sold 19,476 shares of The Carlyle Group stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $36.10, for a total transaction of $703,083.60. Following the sale, the insider now owns 416,482 shares of the company’s stock, valued at approximately $15,035,000.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,552 shares of company stock valued at $4,001,032. Company insiders own 29.80% of the company’s stock.

Institutional Trading of The Carlyle Group

Large investors have recently made changes to their positions in the business. Clear Street Markets LLC lifted its stake in shares of The Carlyle Group by 233.3% in the 3rd quarter. Clear Street Markets LLC now owns 1,000 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 700 shares during the period. CVA Family Office LLC lifted its stake in shares of The Carlyle Group by 229.6% in the 4th quarter. CVA Family Office LLC now owns 890 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 620 shares during the period. Freedom Wealth Alliance LLC acquired a new position in shares of The Carlyle Group in the 4th quarter valued at $31,000. Column Capital Advisors LLC lifted its stake in shares of The Carlyle Group by 477.0% in the 4th quarter. Column Capital Advisors LLC now owns 1,154 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 954 shares during the period. Finally, Ameliora Wealth Management Ltd. acquired a new position in The Carlyle Group during the third quarter worth $38,000. 52.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CG. Credit Suisse Group set a $36.00 price target on shares of The Carlyle Group in a report on Wednesday, November 23rd. Oppenheimer boosted their price target on shares of The Carlyle Group from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. Morgan Stanley boosted their price target on shares of The Carlyle Group from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Carlyle Group from $41.00 to $43.00 in a report on Wednesday, February 8th. Finally, Piper Sandler reduced their price target on shares of The Carlyle Group from $58.00 to $48.00 and set an “overweight” rating for the company in a report on Wednesday, February 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.31.

About The Carlyle Group

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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.