TPG Inc. (NASDAQ:TPG) Short Interest Update

TPG Inc. (NASDAQ:TPG) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 6,100,000 shares, a growth of 26.3% from the February 28th total of 4,830,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is presently 4.8 days. Approximately 7.2% of the company’s shares are short sold.

Analyst Ratings Changes

A number of brokerages have weighed in on TPG. Keefe, Bruyette & Woods upped their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company reduced their price target on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. BMO Capital Markets upped their price target on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Evercore ISI raised their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, TPG has an average rating of “Hold” and an average target price of $63.18.

Insider Activity

In related news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares in the company, valued at $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 76.48% of the company’s stock.

Institutional Trading of TPG

A number of hedge funds have recently bought and sold shares of TPG. Capital World Investors boosted its position in TPG by 484.6% in the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock worth $192,625,000 after purchasing an additional 2,541,013 shares during the last quarter. Norges Bank bought a new position in shares of TPG in the 4th quarter worth approximately $100,675,000. JPMorgan Chase & Co. lifted its stake in shares of TPG by 2,515.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock worth $104,296,000 after purchasing an additional 1,596,254 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after buying an additional 992,818 shares during the last quarter. Finally, Millennium Management LLC grew its position in TPG by 66.8% during the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock valued at $141,001,000 after buying an additional 898,943 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

TPG opened at $47.36 on Tuesday. The company’s 50-day simple moving average is $56.90 and its two-hundred day simple moving average is $61.88. TPG has a 52-week low of $39.18 and a 52-week high of $72.98. The stock has a market capitalization of $17.50 billion, a P/E ratio of -107.55, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, analysts predict that TPG will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Friday, February 21st. TPG’s dividend payout ratio (DPR) is -481.82%.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.