Short Interest in TPG Inc. (NASDAQ:TPG) Increases By 19.2%

TPG Inc. (NASDAQ:TPG) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 4,400,000 shares, a growth of 19.2% from the July 31st total of 3,690,000 shares. Approximately 5.3% of the company’s stock are short sold. Based on an average daily volume of 936,500 shares, the days-to-cover ratio is currently 4.7 days.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 4,089 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the transaction, the director now directly owns 17,536 shares of the company’s stock, valued at $816,300.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 76.48% of the stock is owned by insiders.

Hedge Funds Weigh In On TPG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of TPG during the 2nd quarter valued at about $25,000. YHB Investment Advisors Inc. bought a new stake in TPG in the 1st quarter worth approximately $32,000. Signaturefd LLC raised its stake in TPG by 327.6% during the 4th quarter. Signaturefd LLC now owns 945 shares of the company’s stock valued at $41,000 after buying an additional 724 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of TPG during the 1st quarter valued at $112,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of TPG during the 1st quarter valued at $151,000. 86.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen reduced their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Morgan Stanley upgraded shares of TPG from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $43.00 to $52.00 in a research note on Friday, May 10th. Finally, Jefferies Financial Group reduced their price objective on shares of TPG from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.42.

TPG Stock Up 1.9 %

Shares of TPG stock traded up $0.92 during midday trading on Friday, reaching $50.45. 544,227 shares of the stock were exchanged, compared to its average volume of 832,391. TPG has a 1 year low of $26.62 and a 1 year high of $51.62. The firm has a market cap of $18.41 billion, a PE ratio of -360.33, a price-to-earnings-growth ratio of 0.88 and a beta of 1.53. The company’s 50 day moving average is $46.08 and its two-hundred day moving average is $44.34. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $744.19 million for the quarter, compared to analysts’ expectations of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same quarter in the previous year, the business posted $0.26 EPS. On average, equities research analysts predict that TPG will post 2.01 EPS for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.42 per share. This is a boost from TPG’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.33%. TPG’s dividend payout ratio is presently -1,199.91%.

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.