During the recent session, The Carlyle Group Inc. (NASDAQ:CG)’s traded shares were 0.63 million, with the beta value of the company hitting 1.55. At the last check today, the stock’s price was $37.75, reflecting an intraday gain of 6.19% or $2.2. The 52-week high for the CG share is $60.62, that puts it down -60.58 from that peak though still a striking 8.29% gain since the share price plummeted to a 52-week low of $34.62. The company’s market capitalization is $13.10B, and the average intraday trading volume over the past 10 days was 4.08 million shares, and the average trade volume was 2.62 million shares over the past three months.
The Carlyle Group Inc. (CG) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. CG has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.12.
The Carlyle Group Inc. (NASDAQ:CG) trade information
The Carlyle Group Inc. (CG) registered a 6.19% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.19% in intraday trading to $37.75 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -7.40%, and it has moved by -16.71% in 30 days. Based on these gigs, the overall price performance for the year is -16.25%. The short interest in The Carlyle Group Inc. (NASDAQ:CG) is 4.12 million shares and it means that shorts have 1.88 day(s) to cover.
The consensus price target of analysts on Wall Street is $63.08, which implies an increase of 40.16% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $49.00 and $78.00 respectively. As a result, CG is trading at a discount of -106.62% off the target high and -29.8% off the low.
The Carlyle Group Inc. (CG) estimates and forecasts
Statistics show that The Carlyle Group Inc. has underperformed its competitors in share price, compared to the industry in which it operates. The Carlyle Group Inc. (CG) shares have gone down -38.69% during the last six months, with a year-to-date growth rate less than the industry average at -16.77% against 14.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 75.00% this quarter and then jump 77.60% in the quarter after that. In the rating firms’ projections, revenue will increase 81.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.11 billion as predicted by 7 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $1.05 billion by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $629.7 million and $612.5 million respectively. In this case, analysts expect current quarter sales to grow by 76.70% and then jump by 71.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 230.70%. While earnings are projected to return 744.50% in 2022, the next five years will return -4.46% per annum.
The Carlyle Group Inc. is due to release its next quarterly earnings between April 27 and May 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for The Carlyle Group Inc. is 1.32, with the dividend yield indicating at 3.73 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 5.27%.
The Carlyle Group Inc. (NASDAQ:CG)’s Major holders
The Carlyle Group Inc. insiders own 36.59% of total outstanding shares while institutional holders control 48.14%, with the float percentage being 75.92%. Capital World Investors is the largest shareholder of the company, while 553 institutions own stock in it. As of Sep 29, 2021, the company held over 19.32 million shares (or 5.42% of all shares), a total value of $913.36 million in shares.
The next largest institutional holding, with 18.32 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 5.14% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $866.14 million.
Also, the Mutual Funds coming in first place with the largest holdings of The Carlyle Group Inc. (CG) shares are Washington Mutual Investors Fund and Growth Fund Of America Inc. Data provided on Oct 30, 2021 indicates that Washington Mutual Investors Fund owns about 9.21 million shares. This amounts to just over 2.58 percent of the company’s overall shares, with a $516.87 million market value. The same data shows that the other fund manager holds slightly less at 6.76 million, or about 1.90% of the stock, which is worth about $319.58 million.