Traders Purchase Large Volume of Carlyle Group Call Options (NASDAQ:CG)

Carlyle Group Inc. (NASDAQ:CG) was the recipient of some unusual options trading on Monday. Stock investors purchased 201,222 call options on the stock. This is an increase of 6,333% compared to the average volume of 3,128 call options.

Carlyle Group Stock Up 0.6%

Shares of NASDAQ CG opened at $42.34 on Wednesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The company has a 50-day moving average price of $46.30 and a 200-day moving average price of $52.03. The stock has a market capitalization of $15.24 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.38 and a beta of 1.84. Carlyle Group has a 1 year low of $39.60 and a 1 year high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business posted $1.14 EPS. Carlyle Group’s revenue was down 28.0% compared to the same quarter last year. On average, equities research analysts forecast that Carlyle Group will post 4.05 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. Carlyle Group’s dividend payout ratio (DPR) is currently 95.89%.

Institutional Trading of Carlyle Group

Institutional investors and hedge funds have recently modified their holdings of the business. WFA of San Diego LLC purchased a new position in Carlyle Group in the second quarter worth $26,000. Main Street Group LTD bought a new stake in shares of Carlyle Group during the 1st quarter worth $27,000. Geneos Wealth Management Inc. boosted its holdings in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in Carlyle Group during the fourth quarter worth about $30,000. Finally, Quarry LP bought a new stake in Carlyle Group in the third quarter worth about $33,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on CG shares. Weiss Ratings lowered shares of Carlyle Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Barclays cut their price objective on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. The Goldman Sachs Group decreased their target price on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Morgan Stanley cut their price target on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.