Carlyle Group Inc (NASDAQ: CG) is -1.57% lower on its value in year-to-date trading and has touched a low of $27.13 and a high of $50.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CG stock was last observed hovering at around $38.77 in the last trading session, with the day’s gains setting it 1.28%.
Currently trading at $40.05, the stock is 1.47% and -4.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.65 million and changing 3.30% at the moment leaves the stock -5.18% off its SMA200. CG registered 24.53% gain for a year compared to 6-month loss of -11.30%.
The stock witnessed a -1.81% gain in the last 1 month and extending the period to 3 months gives it a 0.98%, and is 7.57% 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 2.68% over the week and 2.59% over the month.
Carlyle Group Inc (CG) has around 2200 employees, a market worth around $14.27B and $3.10B in sales. Fwd P/E is 9.12. Profit margin for the company is -12.80%. Distance from 52-week low is 47.62% and -21.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.60%).
The EPS is expected to grow by 16.22% this year.
Carlyle Group Inc (CG) Top Institutional Holders
720.0 institutions hold shares in Carlyle Group Inc (CG), with institutional investors hold 83.41% of the company’s shares. The shares outstanding are 361.33M, and float is at 205.22M with Short Float at 7.80%. Institutions hold 60.26% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.34 million shares valued at $936.99 million. The investor’s holdings represent 6.4664% of the CG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.71 million shares valued at $911.7 million to account for 6.2919 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 20.04 million shares representing 5.5541% and valued at over $804.8 million, while MORGAN STANLEY holds 3.5621 of the shares totaling 12.86 million with a market value of $516.16 million.
Carlyle Group Inc (CG) Insider Activity
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Still, SEC filings show that on Aug 09 ’24, Carlyle Group Inc. (10% Owner) disposed off 74,134 shares at an average price of $41.53 for $3.08 million. The insider now directly holds 8,260,183 shares of Carlyle Group Inc (CG).
