TPG Inc. (NASDAQ:TPG) Short Interest Up 22.6% in November

TPG Inc. (NASDAQ:TPG) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,530,000 shares, an increase of 22.6% from the October 31st total of 4,510,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is presently 5.4 days. Approximately 6.5% of the shares of the stock are short sold.

TPG Trading Up 0.2 %

TPG opened at $69.96 on Monday. The stock has a 50-day moving average of $64.53 and a 200 day moving average of $52.46. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a 12 month low of $34.50 and a 12 month high of $72.98. The firm has a market cap of $25.53 billion, a P/E ratio of -205.76, a P/E/G ratio of 1.16 and a beta of 1.49.

TPG (NASDAQ:TPG) last announced its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm had revenue of $855.40 million during the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter in the previous year, the business earned $0.56 EPS. As a group, research analysts forecast that TPG will post 1.95 EPS for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, November 14th. TPG’s dividend payout ratio is currently -447.05%.

Institutional Investors Weigh In On TPG

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of TPG by 10.1% in the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after buying an additional 244,373 shares during the period. Geode Capital Management LLC grew its position in TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after acquiring an additional 102,663 shares during the last quarter. Barclays PLC increased its stake in TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock worth $34,652,000 after purchasing an additional 597,972 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of TPG during the third quarter worth $461,000. Finally, State Street Corp boosted its stake in shares of TPG by 5.0% during the third quarter. State Street Corp now owns 1,421,981 shares of the company’s stock valued at $81,849,000 after purchasing an additional 67,597 shares during the period. Institutional investors own 86.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TPG. BMO Capital Markets lifted their target price on TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their target price on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped 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. TD Cowen reduced their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Evercore ISI increased their price objective on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $58.83.

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.