TPG Inc. (NASDAQ:TPG) Short Interest Up 19.9% in February

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets raised their price target on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price target on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised their price target on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Evercore ISI raised their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Finally, JMP Securities reissued a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, TPG has a consensus rating of “Hold” and an average price target of $64.27.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the sale, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 76.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TPG

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Treasurer of the State of North Carolina boosted its position in shares of TPG by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock valued at $2,322,000 after purchasing an additional 230 shares during the period. Shoker Investment Counsel Inc. boosted its position in shares of TPG by 10.4% in the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock valued at $244,000 after purchasing an additional 366 shares during the period. Comerica Bank boosted 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 purchasing an additional 450 shares during the period. KBC Group NV boosted its position in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of TPG by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after purchasing an additional 498 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Price Performance

NASDAQ:TPG opened at $49.08 on Friday. The business’s 50-day moving average price is $62.05 and its 200 day moving average price is $61.79. The firm has a market cap of $18.13 billion, a P/E ratio of -111.55, a PEG ratio of 0.80 and a beta of 1.54. TPG has a 52-week low of $39.18 and a 52-week high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last released its quarterly earnings results 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 return on equity of 24.66% and a net margin of 0.67%. As a group, sell-side analysts predict that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

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

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.