The Carlyle Group Inc. (NASDAQ: CG) stock fell -1.00% on Wednesday to $27.59 against a previous-day closing price of $27.87. With 2.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.65 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $27.74 whereas the lowest price it dropped to was $27.24. The 52-week range on CG shows that it touched its highest point at $40.73 and its lowest point at $24.59 during that stretch. It currently has a 1-year price target of $36.67. With its current market cap of 10.00 billion, CG has annualized dividend of $1.32 while the current yield stands at 4.80%. Beta for the stock currently stands at 1.67.
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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 2.00%, but this was down by -5.77% over a month. Three-month performance dropped to -20.83% while six-month performance fell -4.76%. The stock lost -24.78% in the past year, while it has lost -7.54% so far this year. A look at the trailing 12-month EPS for CG yields 2.06 with Next year EPS estimates of 3.99. For the next quarter, that number is 0.63. This implies an EPS growth rate of -59.20% for this year and 39.20% for next year. EPS is expected to decline by -3.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.90%.
Float and Shares Shorts:
At present, 362.94 million CG shares are outstanding with a float of 240.29 million shares on hand for trading. On Apr 27, 2023, short shares totaled 18.26 million, which was 5.04% higher than short shares on Mar 30, 2023. In addition to Mr. William E. Conway Jr. as the firm’s Co-Founder & Non-Exec. Co-Chairman, Mr. Curtis L. Buser CPA serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 56.43% of CG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 33.98% of CG, in contrast to 30.50% held by mutual funds. Shares owned by individuals account for 25.73%. As the largest shareholder in CG with 6.85% of the stake, The Vanguard Group, Inc. holds 24,947,617 shares worth 24,947,617. A second-largest stockholder of CG, Morgan Stanley & Co. LLC, holds 13,095,365 shares, controlling over 3.60% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in CG, holding 12,661,344 shares or 3.48% stake. With a 2.17% stake in CG, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 7,912,189 shares are owned by the mutual fund manager. The American Funds Income Fund of Ame, which owns about 2.08% of CG stock, is the second-largest Mutual Fund holder. It holds 7,588,723 shares valued at 230.17 million. Vanguard Small Cap Index Fund holds 1.83% of the stake in CG, owning 6,669,780 shares worth 202.29 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CG since 0 analysts follow the stock currently. 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 $55.00 and a low target of $28.00, the average target price over the next 12 months is $37.35. Based on these targets, CG could surge 99.35% to reach the target high and rise by 1.49% to reach the target low. Reaching the average price target will result in a growth of 35.38% 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.
Dividends & Yield:
In terms of dividends, CG has a current ratio of $1.53, which is $1.53 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 $5.13. In the past year, CG’s dividend yield has been $5.13, but when looking at the stock over the past five years, its yield has been $4.32. Accordingly, CG has a current buyback yield of $1.98. This was $1.98 for the TTM, and it was $1.61 for the past five years.
Summary of Insider Activity:
Insiders traded CG stock several times over the past three months with 9 Buys and 0 Sells. In these transactions, 113,753 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 7,884,463 while 2,206,007 shares were sold.
