The Carlyle Group Target of Unusually High Options Trading (NASDAQ:CG)

The Carlyle Group Inc. (NASDAQ:CGGet Free Report) saw some unusual options trading on Thursday. Investors purchased 6,858 call options on the company. This is an increase of approximately 395% compared to the typical daily volume of 1,385 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CG shares. Keefe, Bruyette & Woods upped their price objective on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Evercore ISI increased their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Friday, January 3rd. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and an average target price of $54.44.

Get Our Latest Stock Analysis on The Carlyle Group

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in shares of The Carlyle Group during the third quarter worth about $33,000. Tobam grew its holdings in The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth $57,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in The Carlyle Group by 147.9% during the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,139 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

NASDAQ:CG traded up $0.39 during mid-day trading on Thursday, reaching $54.29. 1,373,519 shares of the stock were exchanged, compared to its average volume of 1,916,387. The stock has a market capitalization of $19.42 billion, a P/E ratio of 186.84, a P/E/G ratio of 1.05 and a beta of 1.69. The Carlyle Group has a 1 year low of $36.65 and a 1 year high of $55.11. The company has a 50 day simple moving average of $51.92 and a 200-day simple moving average of $46.73. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CGGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The Carlyle Group’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. Analysts anticipate that The Carlyle Group will post 3.8 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s dividend payout ratio is presently 482.76%.

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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