Short Interest in TPG Inc. (NASDAQ:TPG) Increases By 26.3%

TPG Inc. (NASDAQ:TPG) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,100,000 shares, a growth of 26.3% from the February 28th total of 4,830,000 shares. Currently, 7.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 4.8 days.

Insider Buying and Selling

In other news, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TPG

A number of institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in TPG in the fourth quarter valued at $33,000. Fourth Dimension Wealth LLC bought a new stake in shares of TPG in the 4th quarter valued at $67,000. Comerica Bank increased its position in 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 buying an additional 450 shares in the last quarter. R Squared Ltd acquired a new position in TPG during the 4th quarter worth approximately $97,000. Finally, Quarry LP grew its position in TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares during the period. 94.03% of the stock is owned by institutional investors.

TPG Price Performance

Shares of NASDAQ TPG traded up $1.05 during mid-day trading on Wednesday, hitting $48.77. 224,770 shares of the stock traded hands, compared to its average volume of 1,012,930. The firm has a 50 day simple moving average of $56.48 and a two-hundred day simple moving average of $61.82. TPG has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a market cap of $18.02 billion, a PE ratio of -110.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 EPS 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%. As a group, equities research analysts forecast that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.53 per share. 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 annualized dividend and a yield of 4.35%. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Wall Street Analysts Forecast Growth

TPG has been the topic of several recent research reports. BMO Capital Markets raised their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Evercore ISI upped their target price on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods raised their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.18.

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.