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

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

TPG Stock Up 4.0 %

NASDAQ TPG opened at $49.62 on Thursday. TPG has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The stock has a market cap of $18.33 billion, a PE ratio of -112.77, a PEG ratio of 0.80 and a beta of 1.54. The firm has a 50-day simple moving average of $56.11 and a 200 day simple moving average of $61.73.

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

TPG Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.27%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is currently -481.82%.

Insider Activity at TPG

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TPG. ORG Wealth Partners LLC bought a new position in TPG during the 4th quarter worth approximately $33,000. Fourth Dimension Wealth LLC bought a new position in shares of TPG during the fourth quarter worth $67,000. Comerica Bank grew its holdings 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 period. R Squared Ltd bought a new stake in shares of TPG in the 4th quarter valued at $97,000. Finally, Quarry LP raised its stake in TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after buying an additional 1,846 shares during the period. Institutional investors own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BMO Capital Markets raised their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Wells Fargo & Company dropped their price objective on shares of TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. JMP Securities restated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Keefe, Bruyette & Woods lifted their price target on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Evercore ISI upped their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.18.

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.