Investors Buy High Volume of The Carlyle Group Put Options (CG)

The Carlyle Group LP (NASDAQ:CG) saw unusually large options trading activity on Tuesday. Stock investors bought 1,554 put options on the stock. This is an increase of 1,772% compared to the average volume of 83 put options.

In related news, CFO Curtis L. Buser sold 31,200 shares of The Carlyle Group stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $18.55, for a total value of $578,760.00. Following the transaction, the chief financial officer now directly owns 641,909 shares of the company’s stock, valued at $11,907,411.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several hedge funds have recently made changes to their positions in CG. Marshall Wace LLP bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at $18,366,000. Morgan Stanley boosted its stake in The Carlyle Group by 8.2% in the 3rd quarter. Morgan Stanley now owns 8,131,576 shares of the financial services provider’s stock worth $183,368,000 after purchasing an additional 619,635 shares in the last quarter. Bank of Montreal Can boosted its stake in The Carlyle Group by 60.5% in the 4th quarter. Bank of Montreal Can now owns 1,207,100 shares of the financial services provider’s stock worth $19,012,000 after purchasing an additional 455,100 shares in the last quarter. Sargent Investment Group LLC bought a new position in The Carlyle Group in the 4th quarter worth about $5,555,000. Finally, Deutsche Bank AG boosted its stake in The Carlyle Group by 20.7% in the 3rd quarter. Deutsche Bank AG now owns 1,830,175 shares of the financial services provider’s stock worth $41,269,000 after purchasing an additional 314,019 shares in the last quarter. Hedge funds and other institutional investors own 44.62% of the company’s stock.

Several analysts recently weighed in on CG shares. BidaskClub upgraded shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday. CIBC reiterated a “hold” rating and issued a $9.00 price target on shares of The Carlyle Group in a report on Monday, April 8th. Bank of America cut shares of The Carlyle Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $20.00 in a report on Friday, March 29th. Canaccord Genuity reiterated an “average” rating and issued a $9.00 price target on shares of The Carlyle Group in a report on Monday, March 25th. Finally, ValuEngine upgraded shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.91.

Shares of CG stock opened at $19.20 on Wednesday. The Carlyle Group has a 12 month low of $15.09 and a 12 month high of $25.25. The firm has a market cap of $2.06 billion, a PE ratio of 7.30 and a beta of 1.65. The company has a current ratio of 2.54, a quick ratio of 2.52 and a debt-to-equity ratio of 2.61.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, February 6th. The financial services provider reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.21. The Carlyle Group had a net margin of 4.56% and a return on equity of 12.27%. The firm had revenue of $151.70 million for the quarter, compared to analysts’ expectations of $143.99 million. During the same quarter in the previous year, the business posted $1.01 EPS. As a group, analysts expect that The Carlyle Group will post 1.96 earnings per share for the current year.

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The Carlyle Group Company Profile

The Carlyle Group L.P. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

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