() experienced a significant rise in short interest during the month of may. On May 31, there were 22,540,000 shorted shares. This is an increase of 9.0% compared to the total of 20,680,000 on May 15. About 11.2% of shares are short-sold. The days-to-cover is currently 6.7 based on an average daily volume of 3,360,000 share.
The Carlyle Group trading down 0.7 %
Trading on Friday saw a decline of $0.23, bringing the price to $31.38. The stock was traded at 3,510,601 compared to the average of 2,382,332. The company has a moving average of $28.84 for the past 50 days and $31.09 for the last 200. The company has a $11.36 billion market capitalization, a P/E ratio of 15.16, and a beta value of 1.67. The Carlyle Group's 1 year low is $24.59, and its 1 year high is $39.38. The last time ) released its quarterly results was on Thursday, 4th May. The financial services provider missed the consensus estimate of $0.65 per share by $0.02, and reported $0.63 in earnings for the quarter. Revenue for the quarter was $754,20 million, which is lower than analysts' expectations of 805.50 millions. The Carlyle Group's net margin was 20.29%, and its return on equity was 25.89%. The Carlyle Group saw its revenue drop 3.2% year-over-year. In the same time period last year the company posted $0.74 in earnings per share. Research analysts expect The Carlyle Group to post an average of 2.72 earnings per shares for the current fiscal year.
The Carlyle Group increases dividend
A quarterly dividend was also declared by the business and paid out on May 23rd. Dividends were paid to shareholders who had their records on the 16th of May. Dividend yield is 4.46%. This dividend represents $1.40 on an annualized base. The Carlyle Group increased its previous quarterly dividend from $0.33 to $1.40. The dividend was paid on Monday, 15th May. Carlyle Group has a payout ratio of 67.63%.
The Carlyle Group: Insider Activities
Carlyle Group Inc., a major shareholder, sold 2,000,000 shares in the company's stock on Monday, 8th May. The shares were purchased at an average of $86.12, resulting in a transaction totaling $172,2440,000.00. The insider owns now 6,482,732 company shares, worth $558,292,879.84. Insiders own 27.00%.
Institutional investors weigh in on the Carlyle Group
Many institutional investors and hedge fund managers have recently changed their positions in CG. Macquarie Group Ltd. increased its holdings of The Carlyle Group shares by 16.4% during the first quarter. Macquarie Group Ltd. owns 82 629 shares of The Carlyle Group's stock, valued at $2 566 000, after buying an additional 11,638 in the last quarter. Royce & Associates LP increased its holdings of shares of The Carlyle Group in the first quarter by 18.5%. Royce & Associates LP owns 97.280 shares of The Carlyle Group's stock, valued at $3.022,000, after buying an additional 15.200 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in The Carlyle Group shares in the first quarter, valued at about $408,000. Ameriprise Financial Inc. increased its holdings of shares of The Carlyle Group in the first three months by 3,186.7%. Ameriprise Financial Inc. owns now 3,287 396 shares of The Carlyle Group's stock, valued at $102,104,000, after purchasing 3,187 376 additional shares in the previous quarter. Sunbelt Securities Inc. purchased a new position of shares in The Carlyle Group during the first quarter, valued at about $31,000. Hedge funds and institutional investors own 52.69%.
Analyst Upgrades and downgrades
CG was the subject of many research analyst reports. JMP Securities lowered their target price for shares of The Carlyle Group in a Friday, 5th May research report from $54.00 down to $52.00. 500.com reiterated its'maintains rating' on The Carlyle Group shares in a report published on Friday, 5th May. In a report published on Thursday 18th May, The Carlyle Group shares were covered. The stock was given a "sell" rating. Barclays lowered their target price for shares of The Carlyle Group in a Friday, 5th May research report from $41.00 down to $32.00. Two analysts gave the stock a sell recommendation, five gave a hold recommendation and 11 assigned a purchase rating. According to MarketBeat data, the stock currently has a consensus of 'Moderate buy' with an average price of $38.18.
The Carlyle Group Company profile
The Carlyle Group, Inc is engaged in global alternative asset management. The Carlyle Group, Inc operates in four segments: Corporate Private Equity; Real Assets; Global Credit and Investment Solutions. Corporate Private Equity focuses on growth capital and buyout funds that pursue corporate investments with different growth potentials and sizes.
MarketBeat.com offers a FREE daily email newsletter