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

TPG Inc. (NASDAQ:TPG) was the target of 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 trading volume of 1,080,000 shares, the short-interest ratio is currently 4.2 days. Approximately 5.6% of the company’s shares are sold short.

Analyst Ratings Changes

Several research firms have recently weighed in on TPG. Keefe, Bruyette & Woods lifted their price objective on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group increased their price objective 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 reduced their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Seven equities 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, TPG has a consensus rating of “Hold” and a consensus price target of $64.27.

TPG Price Performance

TPG stock opened at $50.83 on Thursday. The company has a market capitalization of $18.78 billion, a PE ratio of -115.52, a P/E/G ratio of 0.80 and a beta of 1.49. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $62.65 and its two-hundred day moving average is $61.96. TPG has a 52-week low of $39.18 and a 52-week high of $72.98.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share 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%. Analysts predict that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.53 per share. The ex-dividend date is Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.17%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is currently -481.82%.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 1,695 shares of the 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 transaction, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TPG. Capital World Investors increased its stake in shares of TPG by 484.6% in the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock valued at $192,625,000 after purchasing an additional 2,541,013 shares during the period. Norges Bank acquired a new stake in TPG in the 4th quarter valued at approximately $100,675,000. JPMorgan Chase & Co. raised its stake in TPG by 2,515.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock valued at $104,296,000 after acquiring an additional 1,596,254 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after acquiring an additional 992,818 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of TPG by 66.8% during the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock valued at $141,001,000 after purchasing an additional 898,943 shares during the period. 94.03% of the stock is currently owned by institutional investors.

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.