The Carlyle Group Inc. [NASDAQ: CG] slipped around -3.44 points on Thursday, while shares priced at $41.46 at the close of the session, down -7.66%. The company report on April 14, 2022 that Carlyle Secured Lending, Inc. Schedules First Quarter 2022 Financial Results and Investor Conference Call.
Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”, formerly known as TCG BDC, Inc.) (NASDAQ: CGBD) will host a conference call at 8:30 a.m. EDT on Wednesday, May 4, 2022 to announce its first quarter 2022 financial results. A news release containing the quarterly results will be issued after market close on Tuesday, May 3, 2022. The conference call and webcast will be available on the Carlyle Secured Lending website at carlylesecuredlending.com.
The conference call may be accessed by dialing +1 (866) 394-4623 (U.S.) or +1 (409) 350-3158 (international) and referencing “Carlyle Secured Lending Financial Results Call.” The conference call will be webcast simultaneously via a link on Carlyle Secured Lending’s website and an archived replay of the webcast also will be available on the website soon after the live conference call.
The Carlyle Group Inc. stock is now -24.48% down from its year-to-date (YTD) trading value. CG Stock saw the intraday high of $46.00 and lowest of $41.2501 per share. The company’s 52-week high price is 60.62, which means current price is +3.52% above from all time high which was touched on 01/04/22.
Compared to the average trading volume of 2.60M shares, CG reached a trading volume of 3239535 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about The Carlyle Group Inc. [CG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CG shares is $67.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CG stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for The Carlyle Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 16, 2021. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $59 to $65. The new note on the price target was released on September 13, 2021, representing the official price target for The Carlyle Group Inc. stock. Previously, the target price had yet another raise from $53 to $58, while Deutsche Bank kept a Buy rating on CG stock. On February 19, 2021, analysts increased their price target for CG shares from 40 to 42.
The Average True Range (ATR) for The Carlyle Group Inc. is set at 1.91, with the Price to Sales ratio for CG stock in the period of the last 12 months amounting to 1.73. The Price to Book ratio for the last quarter was 2.80, with the Price to Cash per share for the same quarter was set at 7.12. Price to Free Cash Flow for CG in the course of the last twelve months was 10.93.
How has CG stock performed recently?
The Carlyle Group Inc. [CG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.90. With this latest performance, CG shares dropped by -11.64% in over the last four-week period, additionally sinking by -22.50% over the last 6 months – not to mention a rise of 3.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CG stock in for the last two-week period is set at 39.67, with the RSI for the last a single of trading hit 36.89, and the three-weeks RSI is set at 41.45 for The Carlyle Group Inc. [CG]. The present Moving Average for the last 50 days of trading for this stock 45.48, while it was recorded at 43.02 for the last single week of trading, and 49.78 for the last 200 days.
Earnings analysis for The Carlyle Group Inc. [CG]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Carlyle Group Inc. go to 1.52%.
Insider trade positions for The Carlyle Group Inc. [CG]
There are presently around $8,813 million, or 50.70% of CG stock, in the hands of institutional investors. The top three institutional holders of CG stocks are: VULCAN VALUE PARTNERS, LLC with ownership of 33,218,246, which is approximately 93.552% of the company’s market cap and around 29.60% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 19,315,259 shares of the stock with an approximate value of $867.25 million in CG stocks shares; and VANGUARD GROUP INC, currently with $849.55 million in CG stock with ownership of nearly 3.283% of the company’s market capitalization.
Positions in The Carlyle Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 261 institutional holders increased their position in The Carlyle Group Inc. [NASDAQ:CG] by around 43,274,207 shares. Additionally, 166 investors decreased positions by around 15,922,075 shares, while 66 investors held positions by with 137,091,819 shares. The mentioned changes placed institutional holdings at 196,288,101 shares, according to the latest SEC report filing. CG stock had 87 new institutional investments in for a total of 3,835,433 shares, while 34 institutional investors sold positions of 5,280,874 shares during the same period.