The Carlyle Group Inc. (NASDAQ:CG) saw a downside of -1.05% to close Monday at $48.90 after subtracting -$0.52 on the day. The 5-day average trading volume is 1,514,720 shares of the company’s common stock. It has gained $50.17 in the past week. An average of 1,923,325 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,072,832.
CG’s 1-month performance is 0.18% or $0.09 on its low of $46.30 reached on 10/05/21. The company’s shares have touched a 52-week low of $24.43 and high of $51.55, with the stock’s rally to the 52-week high happening on 08/02/21. YTD, CG has achieved 55.53% or $17.46. However, the current price is down -5.14%% from the 52-week high price.
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On Aug 26, 47 days have gone by since the last insider trading activity for The Carlyle Group Inc. (CG). D’Aniello Daniel A. (Director) most recently sold 5,000,000 shares at $47.10 per share on Aug 26. This transaction cost the insider $235,500,000. Director, Rubenstein David M., sold 1,900,000 shares at a price of $47.80 on Aug 13. Then, on Aug 11, Director Rubenstein David M. sold 2,100,000 shares at a price of $46.46 per share. This transaction amounted to $97,566,000.
The company’s PE ratio for the last five years has touched a high of 810.00 and a low of 6.014. CG stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.23 while the price-to-book (PB) in the most recent quarter is 4.00, with the price to cash flow ratio at 183.03.
The Carlyle Group Inc. pays an annual dividend of $1.00 per share. Its dividend yield is 2.04% and the payout ratio is 13.60%. CG’s most recent quarterly dividend payment was made on Aug. 17, when it paid $0.25 a share compared with prior rate of $0.25, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $0.06 reported on Wednesday February 5 2020. Measured over the last 3 years, the Dividend has been growing by -19.35% yearly.
It is projected that The Carlyle Group Inc.’s next ex-dividend date will be on 10-Nov. CG is expected to distribute $0.191 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.77, while the total debt to equity was 1.78. In terms of profitability, the gross margin trailing 12 months is 63.50%. while for the period ending June 29; The Carlyle Group Inc.’s operating margin was 45.20%. The firm’s gross profit as reported stood at $601.3 million against revenue of $2.93 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CG to announce $0.6 per share in earnings in its latest quarter, but it posted $0.88, representing a 46.70% surprise. EBITDA for the quarter stood at more than $1.34 billion. CG stock balance sheet for the quarter ending June 29 shows that, with total debt at $8.21 billion. Shareholders hold equity totaling $354.46 million
Let’s look briefly at The Carlyle Group Inc. (CG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 55.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.38%.
The stock’s 5-day moving average is $48.51, reflecting a +5.05% or $2.35 change from its current price. CG is currently trading -0.81% above its 20-day SMA, +16.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.11% and +55.83% respectively.
Stochastic %K and %D was 75.78% and 59.30% and the average true range (ATR) pointed at 1.46. The RSI (14) points at 53.08%, while the 14-day stochastic is at 67.18% with the period’s ATR at 1.41. The stock’s 9-day MACD Oscillator is pointing at 1.13 and 1.10 on the 14-day charts.
In the most recent analyst report for The Carlyle Group Inc. (NASDAQ: CG), BMO Capital Markets upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for CG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 have offered a “buy” rating.
What is CG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $50.00 and a high of $71.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for The Carlyle Group Inc. (CG) stock is $60.13.