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

TPG Inc. (NASDAQ:TPG - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,580,000 shares, an increase of 19.9% from the January 31st total of 3,820,000 shares. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 5.6% of the company's shares are sold short.

TPG Stock Up 0.2 %

Shares of TPG traded up $0.11 during midday trading on Friday, reaching $49.08. The stock had a trading volume of 2,018,799 shares, compared to its average volume of 1,126,902. TPG has a 1-year low of $39.18 and a 1-year high of $72.98. The company's fifty day simple moving average is $61.75 and its two-hundred day simple moving average is $61.97. The company has a market cap of $18.13 billion, a price-to-earnings ratio of -111.55, a PEG ratio of 0.80 and a beta of 1.54. 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 announced 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%. Equities research analysts expect that TPG will post 2.52 earnings per share for the current year.

Remove Ads

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio (DPR) is -481.82%.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly 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 SEC, which can be accessed through this hyperlink. Company insiders own 76.48% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TPG. ORG Wealth Partners LLC purchased a new position in shares of TPG in the 4th quarter valued at $33,000. Fourth Dimension Wealth LLC purchased a new position in shares of TPG in the 4th quarter valued at $67,000. Comerica Bank grew its position in shares of TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after buying an additional 450 shares during the last quarter. R Squared Ltd purchased a new position in shares of TPG in the 4th quarter valued at $97,000. Finally, Covestor Ltd grew 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 valued at $107,000 after buying an additional 1,715 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TPG. BMO Capital Markets increased their target price on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. 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 report on Wednesday, February 12th. JMP Securities reiterated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. The Goldman Sachs Group increased their target price on shares of TPG from $67.00 to $77.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company reduced their target price on shares of TPG from $83.00 to $78.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, TPG currently has a consensus rating of "Hold" and an average target price of $64.27.

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.