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

TPG Inc. (NASDAQ:TPG - Get Free Report) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 4,090,000 shares, a decrease of 26.0% from the November 15th total of 5,530,000 shares. Approximately 5.0% of the shares of the company are short sold. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Investors Weigh In On TPG

Several large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in TPG in the 2nd quarter valued at approximately $25,000. Signaturefd LLC raised its holdings in shares of TPG by 21.3% in 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 last quarter. Covestor Ltd lifted its position in shares of TPG by 1,128.3% in 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 lifted its position in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after purchasing an additional 482 shares in the last quarter. Finally, Quarry LP boosted its holdings in TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company's stock worth $184,000 after purchasing an additional 1,846 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

Analyst Ratings Changes

TPG has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on shares of TPG from $68.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday. TD Cowen decreased their price target on TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group increased their price objective 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 boosted their target price on shares of TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of TPG from $67.00 to $69.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $60.08.

TPG Trading Down 2.2 %

NASDAQ TPG traded down $1.49 on Friday, reaching $66.88. The company had a trading volume of 1,298,301 shares, compared to its average volume of 901,301. TPG has a 52 week low of $38.20 and a 52 week high of $72.98. The stock's 50 day moving average is $66.58 and its 200-day moving average is $54.23. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of -196.71, a PEG ratio of 1.17 and a beta of 1.46.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The firm had revenue of $855.40 million during the quarter, compared to analysts' expectations 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 previous year, the company earned $0.56 earnings per share. Equities analysts predict that TPG will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.27%. TPG's dividend payout ratio (DPR) is currently -447.06%.

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.