TPG Inc. (NASDAQ:TPG) Short Interest Up 26.3% in March

TPG Inc. (NASDAQ:TPG - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,100,000 shares, an increase of 26.3% from the February 28th total of 4,830,000 shares. Approximately 7.2% of the company's stock are sold short. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 4.8 days.

Insider Transactions at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares of the company's stock, valued at $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the sale, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company's stock.

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Hedge Funds Weigh In On TPG

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

TPG Price Performance

TPG stock traded down $1.34 during trading hours on Friday, hitting $40.99. The stock had a trading volume of 5,668,175 shares, compared to its average volume of 1,048,235. TPG has a 1-year low of $37.52 and a 1-year high of $72.98. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of -93.16, a PEG ratio of 0.80 and a beta of 1.54. The stock's fifty day moving average is $54.99 and its two-hundred day moving average is $61.48. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS 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 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date was Friday, February 21st. This is a boost from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio is -481.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TPG shares. BMO Capital Markets raised their target price on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. JMP Securities reissued a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Keefe, Bruyette & Woods upped their target price on shares of TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Evercore ISI increased their target price on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price target on TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, TPG has an average rating of "Hold" and a consensus target price of $62.42.

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.