How does The Carlyle Group Inc. (CG) change from a tortoise to a hare?

The Carlyle Group Inc. (NASDAQ: CG) stock jumped 2.73% on Friday to $38.76 against a previous-day closing price of $37.73. With 2.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.62 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $38.93 whereas the lowest price it dropped to was $37.69. The 52-week range on CG shows that it touched its highest point at $60.62 and its lowest point at $30.01 during that stretch. It currently has a 1-year price target of $52.92. With its current market cap of 12.81 billion, CG has annualized dividend of $1.40 while the current yield stands at 3.61%. Beta for the stock currently stands at 1.61.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CG was up-trending over the past week, with a rise of 9.03%, but this was up by 19.26% over a month. Three-month performance surged to 0.39% while six-month performance fell -26.45%. The stock lost -19.06% in the past year, while it has lost -29.40% so far this year. A look at the trailing 12-month EPS for CG yields 7.37 with Next year EPS estimates of 4.38. For the next quarter, that number is 1.09. This implies an EPS growth rate of 744.50% for this year and 10.03% for next year. EPS is expected to decline by -3.79% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 230.70%.

Float and Shares Shorts:

At present, 361.45 million CG shares are outstanding with a float of 238.46 million shares on hand for trading. On Jul 14, 2022, short shares totaled 15.39 million, which was 4.26% higher than short shares on Jun 14, 2022. In addition to Mr. Kewsong Lee as the firm’s CEO & Director, Mr. Curtis L. Buser CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 53.42% of CG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 31.97% of CG, in contrast to 31.76% held by mutual funds. Shares owned by individuals account for 21.81%. As the largest shareholder in CG with 5.34% of the stake, The Vanguard Group, Inc. holds 19,313,949 shares worth 19,313,949. A second-largest stockholder of CG, Capital Research & Management Co, holds 19,284,597 shares, controlling over 5.33% of the firm’s shares. Vulcan Value Partners LLC is the third largest shareholder in CG, holding 16,121,237 shares or 4.46% stake. With a 2.12% stake in CG, the Washington Mutual Investors Fund is the largest stakeholder. A total of 7,661,138 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.06% of CG stock, is the second-largest Mutual Fund holder. It holds 7,464,433 shares valued at 236.32 million. American Funds Growth Fund of Ame holds 1.87% of the stake in CG, owning 6,758,771 shares worth 213.98 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. It generated $245.40M net income for the quarter, which came to $2.00B over the last twelve months.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CG since 15 analysts follow the stock currently. There are 11 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CG analysts setting a high price target of $70.00 and a low target of $40.00, the average target price over the next 12 months is $54.08. Based on these targets, CG could surge 80.6% to reach the target high and rise by 3.2% to reach the target low. Reaching the average price target will result in a growth of 39.53% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CG will report FY 2022 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of $4.42 being high and $3.90 being low. For CG, this leads to a yearly average estimate of $4.05. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The Carlyle Group Inc. surprised analysts by $0.10 when it reported $1.17 EPS against a consensus estimate of $1.07. The surprise factor in the prior quarter was -$0.26. Based on analyst estimates, the high estimate for the next quarter is $1.25 and the low estimate is $0.90. The average estimate for the next quarter is thus $1.06.

Dividends & Yield:

In terms of dividends, CG has a current ratio of $1.3, which is $1.3 over the trailing 12-months, while a dividend of $1.2 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CG currently yields $2.77. In the past year, CG’s dividend yield has been $2.77, but when looking at the stock over the past five years, its yield has been $4.58. Accordingly, CG has a current buyback yield of $1.43. This was $1.43 for the TTM, and it was $1.42 for the past five years.

Summary of Insider Activity:

Insiders traded CG stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 27,666 shares were bought while 2,000,000 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 2,053,339 while 17,823,684 shares were sold.

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