TPG Inc. (NASDAQ:TPG) Sees Significant Increase in Short Interest

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

Insider Activity

In other news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the sale, the director now owns 17,536 shares in the company, valued at approximately $816,300.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 76.48% of the company’s stock.

Institutional Trading of TPG

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of TPG during the second quarter worth $25,000. YHB Investment Advisors Inc. bought a new stake in TPG during the 1st quarter valued at about $32,000. Signaturefd LLC boosted its position in TPG by 327.6% in 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 period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in TPG in the 1st quarter worth about $112,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of TPG during the first quarter worth approximately $151,000. Institutional investors own 86.79% of the company’s stock.

Analyst Ratings Changes

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

TPG Stock Performance

NASDAQ:TPG opened at $50.45 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $18.41 billion, a price-to-earnings ratio of -360.33, a PEG ratio of 0.88 and a beta of 1.53. TPG has a 1 year low of $26.62 and a 1 year high of $51.62. The stock’s 50 day simple moving average is $46.08 and its two-hundred day simple moving average is $44.34.

TPG (NASDAQ:TPG) last announced its quarterly 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. TPG had a net margin of 1.08% and a return on equity of 24.27%. The firm had revenue of $744.19 million during the quarter, compared to the consensus estimate of $449.34 million. During the same quarter last year, the firm earned $0.26 EPS. As a group, equities analysts anticipate that TPG will post 2.01 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is -1,199.91%.

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.