Short Interest in TPG Inc. (NASDAQ:TPG) Decreases By 26.0%

TPG Inc. (NASDAQ:TPG) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 4,090,000 shares, a drop of 26.0% from the November 15th total of 5,530,000 shares. Currently, 5.0% of the company’s shares are sold short. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 3.9 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TPG shares. BMO Capital Markets upped their price objective on shares of TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group increased their price target on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley lifted their price objective on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, TD Cowen lowered their price target on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, TPG has a consensus rating of “Hold” and a consensus target price of $60.08.

Institutional Investors Weigh In On TPG

Several institutional investors and hedge funds have recently modified their holdings of TPG. International Assets Investment Management LLC acquired a new position in TPG during the 2nd quarter worth approximately $25,000. Signaturefd LLC raised its stake in shares of TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after purchasing an additional 188 shares during the period. Covestor Ltd lifted its position in shares of TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after purchasing an additional 1,715 shares in the last quarter. KBC Group NV boosted its stake in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the period. Finally, Quarry LP grew its holdings in TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Trading Down 2.2 %

NASDAQ TPG opened at $66.88 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. TPG has a one year low of $38.20 and a one year high of $72.98. The company’s 50 day moving average price is $66.58 and its 200 day moving average price is $54.23.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same quarter in the prior year, the business earned $0.56 earnings per share. As a group, equities research analysts forecast that TPG will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, November 14th. TPG’s dividend payout ratio is presently -447.05%.

About TPG

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.