Stock Traders Purchase High Volume of Put Options on The Carlyle Group (NASDAQ:CG)

The Carlyle Group Inc. (NASDAQ:CGGet Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 10,500 put options on the stock. This is an increase of approximately 435% compared to the average volume of 1,964 put options.

The Carlyle Group Stock Down 0.1 %

CG stock opened at $46.36 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The firm has a 50 day simple moving average of $44.62 and a 200-day simple moving average of $37.73. The Carlyle Group has a twelve month low of $25.20 and a twelve month high of $48.52. The company has a market capitalization of $16.79 billion, a P/E ratio of -27.43, a PEG ratio of 1.04 and a beta of 1.79.

The Carlyle Group (NASDAQ:CGGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The firm had revenue of $896.40 million for the quarter, compared to the consensus estimate of $860.68 million. During the same quarter in the previous year, the company earned $1.01 EPS. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. On average, equities research analysts predict that The Carlyle Group will post 3.88 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 3.02%. The Carlyle Group’s payout ratio is -82.84%.

Insider Activity

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.00% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in The Carlyle Group by 347.1% in the 4th quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock worth $4,556,000 after purchasing an additional 86,914 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of The Carlyle Group by 13.8% during the third quarter. HighTower Advisors LLC now owns 37,377 shares of the financial services provider’s stock worth $1,121,000 after buying an additional 4,534 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of The Carlyle Group in the third quarter valued at $5,578,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of The Carlyle Group in the third quarter valued at $990,000. Finally, BlackRock Inc. raised its stake in shares of The Carlyle Group by 18.0% in the second quarter. BlackRock Inc. now owns 21,914,066 shares of the financial services provider’s stock valued at $700,154,000 after purchasing an additional 3,340,328 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CG shares. Morgan Stanley upped their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Citigroup boosted their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. JMP Securities upped their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. Finally, Barclays upped their price target on shares of The Carlyle Group from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average price target of $41.93.

Read Our Latest Stock Analysis on CG

About The Carlyle Group

(Get Free Report)

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.

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