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

TPG Inc. (NASDAQ:TPG) was the target of a large growth in short interest in 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. Approximately 5.6% of the company’s stock are short sold. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is presently 4.2 days.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were 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 of the company’s stock, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 76.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TPG

Several institutional investors and hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC purchased a new stake in TPG during the 4th quarter valued at $33,000. Fourth Dimension Wealth LLC purchased a new stake in TPG during the 4th quarter valued at $67,000. Comerica Bank boosted its position in TPG by 71.4% during 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 purchased a new stake in TPG during the 4th quarter valued at $97,000. Finally, Covestor Ltd boosted its position in TPG by 1,128.3% during 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 period. Institutional investors own 94.03% of the company’s stock.

TPG Stock Down 3.7 %

TPG opened at $48.97 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The company’s 50-day moving average is $62.37 and its 200 day moving average is $61.88. TPG has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The firm has a market capitalization of $18.09 billion, a P/E ratio of -111.30, a PEG ratio of 0.80 and a beta of 1.49.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping 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%. Research analysts expect that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.33%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is currently -481.82%.

Analyst Ratings Changes

A number of research analysts recently commented on TPG shares. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. 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 research report on Wednesday, February 12th. 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 research report on Tuesday, November 19th. Wells Fargo & Company cut their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. 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, the stock currently has a consensus rating of “Hold” and a consensus 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.