Carlyle Group Inc (CG) is looking forward to a strong quarter

With 0.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.34 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $43.26 whereas the lowest price it dropped to was $42.15. The 52-week range on CG shows that it touched its highest point at $50.92 and its lowest point at $27.13 during that stretch. It currently has a 1-year price target of $48.07. With its current market cap of 15.11 billion, CG has annualized dividend of $1.40 while the current yield stands at 3.30%. Beta for the stock currently stands at 1.72.

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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 0.21%, but this was up by 6.53% over a month. Three-month performance surged to 7.10% while six-month performance fell -8.68%. The stock gained 38.50% in the past year, while it has gained 4.23% so far this year. A look at the trailing 12-month EPS for CG yields -1.11 with Next year EPS estimates of 4.39. For the next quarter, that number is 0.94. This implies an EPS growth rate of 16.22% for this year and 16.61% for next year.

Float and Shares Shorts:

At present, 361.33 million CG shares are outstanding with a float of 205.22 million shares on hand for trading. On 2024-08-30, short shares totaled 16.0 million, which was 448.99996 higher than short shares on 1722384000. In addition to Mr. William E. Conway Jr. as the firm’s Co-Founder & Co-Chairman of the Board, Mr. Harvey Mitchell Schwartz serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 0.60306 of CG’s outstanding shares, institutional investors have minority control over the company.

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.