Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Carlyle Group Inc. shares valued at $201,026 were sold by Carlyle Group Inc. on Aug 17. At $20.25 per share, Carlyle Group Inc. sold 9,925 shares. The insider’s holdings dropped to 2,960,231 shares worth approximately $83.42 million following the completion of this transaction.
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Also, Carlyle Group Inc. sold 167,755 shares, netting a total of over 8,529,534 in proceeds. Following the sale of shares at $50.85 each, the insider now holds 40,307,862 shares.
Before that, Carlyle Group Inc. had sold 94,989 shares from its account. In a trade valued at $4,729,603, the 10% Owner traded The Carlyle Group Inc. shares for $49.79 each. Upon closing the transaction, the insider’s holdings decreased to 94,989 shares, worth approximately $1.14 billion.
As published in a research note from BofA Securities on September 06, 2022, The Carlyle Group Inc. [CG] has been rated down from a Buy to an Underperform and the price target has been revised to $33 from $58. This represents a 14.61% premium over Thursday’s closing price. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of July 29, 2022, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for CG. Earlier on June 08, 2022, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for CG stock.
Analyzing CG’s Price Performance
On Thursday, The Carlyle Group Inc. [NASDAQ: CG] plunged -3.86% to $28.18. The stock’s lowest price that day was $27.835, but it reached a high of $29.39 in the same session. During the last five days, there has been a drop of approximately -10.31%. Over the course of the year, The Carlyle Group Inc. shares have dropped approximately -48.67%. Shares of the company reached a 52-week high of $56.00 on 01/04/22 and a 52-week low of $27.83 on 09/22/22. A 50-day SMA is recorded $33.85, while a 200-day SMA reached $41.29. Nevertheless, trading volume fell to 3.78 million shares from 1.78 million shares the previous day.
Support And Resistance Levels for The Carlyle Group Inc. (CG)
According to the 24-hour chart, there is a support level at 27.55, which, if violated, would cause prices to drop to 26.91. In the upper region, resistance lies at 29.10. The next price resistance is at 30.02. RSI (Relative Strength Index) is 27.33 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.19, which suggests the price will decrease in the coming days. Percent R is at 94.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is The Carlyle Group Inc. subject to short interest?
Stocks of The Carlyle Group Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.08 million shares to 15.39 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 13.31 million shares. A jump of 13.52% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.63 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.63.
Which companies own the most shares of The Carlyle Group Inc. (CG)?
According to The Vanguard Group, Inc. filings, the company currently owns 22,367,821 shares, which is about 6.19% of the total CG shares outstanding. The investor’s shares have appreciated by 3,053,872 from its previous 13-F filing of 19313949.0 shares. With the completion of the sale transaction, Capital Research & Management Co’s stake is now worth $573,752,885. Vulcan Value Partners LLC reduced a -8.08% interest valued at $482.06 million while Morgan Stanley & Co. LLC purchased a 1,738,797 stake. A total of 1,361,015 shares of The Carlyle Group Inc. were bought by Alkeon Capital Management LLC during the quarter, and 4,838 were bought by Morgan Stanley Smith Barney LLC. In its current portfolio, BlackRock Fund Advisors holds 7,252,840 shares valued at $235.93 million.
In terms of The Carlyle Group Inc. share price expectations, FactSet research, analysts set an average price target of $49.92 in the next 12 months, up nearly 60.35% from the previous closing price of $29.31. Analysts anticipate The Carlyle Group Inc. stock to reach $70.00 by 2022, with the lowest price target being $33.00. In spite of this, 15 analysts ranked The Carlyle Group Inc. stock as an Overweight at the end of 2022. On December 16, 2021, BofA Securities assigned a price target of “a Buy” to the stock and initiated coverage with a $79.