TPG Inc. (NASDAQ:TPG) Sees Large Growth in Short Interest

TPG Inc. (NASDAQ:TPG) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 4,580,000 shares, a growth of 19.9% from the January 31st total of 3,820,000 shares. Approximately 5.6% of the shares of the stock are sold short. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is presently 4.2 days.

TPG Trading Up 1.5 %

Shares of TPG stock opened at $50.83 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG has a 12-month low of $39.18 and a 12-month high of $72.98. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of -115.52, a PEG ratio of 0.80 and a beta of 1.49. The firm’s 50-day moving average price is $62.65 and its two-hundred day moving average price is $61.96.

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

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.53 dividend. This is a boost from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.17%. TPG’s payout ratio is currently -481.82%.

Analysts Set New Price Targets

A number of research firms recently commented on TPG. Wells Fargo & Company dropped their price objective on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. BMO Capital Markets lifted their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Evercore ISI boosted their price target on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Finally, TD Cowen lowered their price objective on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.27.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction 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 completion of the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 76.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TPG. ORG Wealth Partners LLC acquired a new stake in shares of TPG in the fourth quarter valued at about $33,000. Fourth Dimension Wealth LLC acquired a new stake in TPG during the 4th quarter valued at approximately $67,000. Comerica Bank raised its holdings in TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after purchasing an additional 450 shares during the last quarter. R Squared Ltd acquired a new position in shares of TPG in the 4th quarter worth approximately $97,000. Finally, Covestor Ltd lifted its position in shares of TPG by 1,128.3% in the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after purchasing an additional 1,715 shares during the period. 94.03% of the stock is owned by institutional investors.

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.