Capital Research & Management Co has recently announced that it has increased stake in Carlyle Group Inc (NASDAQ:CG) by 7.05%. After grabbing 19.97 million shares, the institutional investor is now in possession of 1.32 million shares of the Financial Company. The new investment brought the stake of investor firm to 5.55% having worth around $549.97 million. Moreover, William Blair Investment Manageme increased its share by 3.54 million to have a control over 8.91 million shares. And Ariel Investments LLC raised its holdings to 0.92 million shares by acquiring 6.36 million shares or 1.77% of the stake.
Carlyle Group Inc (CG) concluded trading on 12/14/23 at a closing price of $41.99, with 6.94 million shares of worth about $291.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.84% during that period and on Thursday the price saw a gain of about 7.94%. Currently the company’s common shares owned by public are about 362.30M shares, out of which, 191.80M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 8,028,946 shares in 25 of the transactions. In 13 selling transactions, insiders dumped 195,468 shares.
American Funds Income Fund of Ame, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Carlyle Group Inc American Funds Income Fund of Ame is currently holding 13.61 million shares of worth totaling $374.83 million. The company recently came buying 1.31 million shares which brought its stake up to 3.78% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 12129.0 shares, after which its hold over company’s outstanding shares expand to 2.04%, leaving 7.34 million shares with the mutual fund that have a worth of about $202.12 million. Vanguard Small Cap Index Fund, after buying 6.03 million shares, have now control over 1.68% of the stake in the company. It holds 13736.0 shares of worth $166.2 million.
However, the stock later moved at a day high price of 42.49, or with a gain of 7.94%. Stock saw a price change of 15.71% in past 5 days and over the past one month there was a price change of 32.00%. Year-to-date (YTD), CG shares are showing a performance of 40.72% which increased to 34.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.20 but also hit the highest price of $38.90 during that period. The average intraday trading volume for Carlyle Group Inc shares is 3.21 million. The stock is currently trading 22.14% above its 20-day simple moving average (SMA20), while that difference is up 34.52% for SMA50 and it goes to 35.63% higher than SMA200.
Capital Research & Management Co acquired 19.97 million shares of Carlyle Group Inc having value of about $549.97 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 1.32 million shares in the company valued at close to $55236207.39, or have control over 7.05% stake in the company. Carlyle Group Inc (NASDAQ: CG) currently have 362.30M outstanding shares and institutions hold larger chunk of about 58.10% of that. Holding of mutual funds in the company is about 29.74% while other institutional holders and individual stake holders have control over 34.36% and 28.64% of the stake respectively.
The stock has a current market capitalization of $15.15B and its 3Y-monthly beta is at 1.78. PE ratio of stock for trailing 12 months is 73.18, while it has posted earnings per share of $0.57 in the same period. Its PEG reads 85.09 while making debt-to-equity ratio of 1.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CG, volatility over the week remained 3.78% while standing at 2.57% over the month.
Analysts are in expectations that Carlyle Group Inc (CG) stock would likely to be making an EPS of $0.78 in the current quarter, while forecast for next quarter EPS is $0.88 and it is $3.91 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.67 which is $0.92 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -27.00% while it is estimated to increase by 23.14% in next year. EPS is likely to shrink at an annualized rate of 0.86% for next 5-years, compared to annual growth of 7.07% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on November 29, 2023 offering an In-line rating for the stock and assigned a target price of $32 to it.
