Carlyle Group Inc (NASDAQ: CG) is 14.18% higher on its value in year-to-date trading and has touched a low of $25.20 and a high of $48.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CG stock was last observed hovering at around $46.42 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $46.46, the stock is 1.08% and 6.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing 0.09% at the moment leaves the stock 31.30% off its SMA200. CG registered 51.83% gain for a year compared to 6-month gain of 52.63%. The firm has a 50-day simple moving average (SMA 50) of $6.54.
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The stock witnessed a 4.08% loss in the last 1 month and extending the period to 3 months gives it a 13.57%, and is 3.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.98% over the week and 2.18% over the month.
Carlyle Group Inc (CG) has around 2200 employees, a market worth around $16.82B and $3.25B in sales. Fwd P/E is 10.15. Profit margin for the company is -18.72%. Distance from 52-week low is 84.37% and -4.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.35%).
Carlyle Group Inc quarterly earnings per share for the current quarter are estimated at $0.88 with sales reaching $942.57M over the same period.The EPS is expected to grow by 20.96% this year, but quarterly earnings will post 20.80% year-over-year. Quarterly sales are estimated to grow 19.90% in year-over-year returns.
Carlyle Group Inc (CG) Top Institutional Holders
658 institutions hold shares in Carlyle Group Inc (CG), with institutional investors hold 88.54% of the company’s shares. The shares outstanding are 361.33M, and float is at 201.04M with Short Float at 8.48%. Institutions hold 60.06% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 31.16 million shares valued at $1.45 billion. The investor’s holdings represent 8.60% of the CG Shares outstanding. As of Dec 30, 2023, the second largest holder is Vanguard Group Inc with 24.88 million shares valued at $1.16 billion to account for 6.87% of the shares outstanding. The other top investors are Capital World Investors which holds 19.97 million shares representing 5.52% and valued at over $927.96 million, while Morgan Stanley holds 3.28% of the shares totaling 11.88 million with a market value of $551.73 million.
Carlyle Group Inc (CG) Insider Activity
The most recent transaction is an insider purchase by Carlyle Group Inc.,the company’sFormer 10% Owner. SEC filings show that Carlyle Group Inc. bought 190,000 shares of the company’s common stock on Feb 08 ’24 at a price of $12.95 per share for a total of $2.46 million. Following the purchase, the insider now owns 1.07 million shares.
Carlyle Group Inc disclosed in a document filed with the SEC on Dec 15 ’23 that SCHWARTZ HARVEY M (Chief Executive Officer) sold a total of 295,358 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $41.74 per share for $12.33 million. Following the transaction, the insider now directly holds 6.77 million shares of the CG stock.
Still, SEC filings show that on Sep 12 ’23, CG Subsidiary Holdings L.L.C. (10% Owner) acquired 1,269,537 shares at an average price of $8.52 for $10.82 million. The insider now directly holds 4,785,628 shares of Carlyle Group Inc (CG).
