CG Stock Summary and Trading Ideas (Carlyle Group | NASDAQ:CG)

The Carlyle Group is one of the world's largest alternative-asset managers, with $434.6 billion in total AUM, including $307.3 billion in fee-earning AUM, at the end of June 2024. The company has three core business segments: private equity, which includes private equity, real estate, infrastructure, and natural resources funds (accounting for 34% of fee-earning AUM and 58% of base management fees during 2023), global credit (51% and 27%) and investment solutions (15% and 15%). The firm primarily serves institutional investors and high-net-worth individuals. Carlyle operates through 29 offices across five continents, serving more than 2,900 active carry fund investors from 88 countries.

Carlyle Group trades on the NASDAQ stock market under the symbol CG.

As of November 4, 2024, CG stock price declined to $49.06 with 1,134,401 million shares trading.

CG has a beta of 1.53, meaning it tends to be more sensitive to market movements. CG has a correlation of 0.23 to the broad based SPY ETF.

CG has a market cap of $17.48 billion. This is considered a Large Cap stock.

Last quarter Carlyle Group reported $789 million in Revenue and $.78 earnings per share. This fell short of revenue expectation by $-59 million and missed earnings estimates by -$.05.

In the last 3 years, CG traded as high as $60.62 and as low as $24.59.

The top ETF exchange traded funds that CG belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

CG has outperformed the market in the last year with a return of +83.1%, while the SPY ETF gained +36.5%. However, in the most recent history, CG shares have underperformed the stock market with its stock returning +3.5% in the last 3 month period and -6.2% for the last 2 week period, while SPY has returned +5.3% and -2.5%, respectively.

CG support price is $49.01 and resistance is $50.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CG shares will trade within this expected range on the day.