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

The Carlyle Group is one of the world's largest alternative-asset managers, with $426.0 billion in total AUM, including $307.4 billion in fee-earning AUM, at the end of December 2023. The company has three core business segments: private equity, which includes private equity, real estate, infrastructure, and natural resources funds (accounting for 35% of fee-earning AUM and 63% of base management fees during 2023), global credit (50% and 25%) and investment solutions (15% and 12%). 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 April 23, 2024, CG stock price climbed to $46.51 with 550,891 million shares trading.

CG has a beta of 2.07, meaning it tends to be more sensitive to market movements. CG has a correlation of 0.53 to the broad based SPY ETF.

CG has a market cap of $16.71 billion. This is considered a Large Cap stock.

Last quarter Carlyle Group reported $896 million in Revenue and $.86 earnings per share. This beat revenue expectation by $46 million and exceeded earnings estimates by $.08.

In the last 3 years, CG stock 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): VTI, IJH, VB, VBR, VXF.

CG has outperformed the market in the last year with a price return of +58.5% while the SPY ETF gained +24.3%. CG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.4% and -2.0%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

CG support price is $44.44 and resistance is $45.96 (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 stock will trade within this expected range on the day.