TPG Inc. (NASDAQ:TPG) Short Interest Down 18.8% in April

TPG Inc. (NASDAQ:TPG) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,550,000 shares, a decline of 18.8% from the March 31st total of 3,140,000 shares. Currently, 3.2% of the shares of the company are sold short. Based on an average trading volume of 801,900 shares, the short-interest ratio is currently 3.2 days.

TPG Trading Up 1.0 %

Shares of TPG opened at $43.87 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a fifty day simple moving average of $44.28 and a two-hundred day simple moving average of $39.63. TPG has a twelve month low of $24.74 and a twelve month high of $47.20.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.10. The business had revenue of $529.90 million during the quarter, compared to analysts’ expectations of $395.30 million. TPG had a net margin of 3.35% and a return on equity of 18.69%. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. As a group, equities analysts predict that TPG will post 2.09 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a $0.44 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.76 annualized dividend and a yield of 4.01%. TPG’s dividend payout ratio (DPR) is presently -4,398.90%.

Analysts Set New Price Targets

TPG has been the topic of a number of analyst reports. Citigroup upped their target price on shares of TPG from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. TheStreet lowered shares of TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Tuesday, April 9th. TD Cowen initiated coverage on shares of TPG in a research note on Thursday, January 4th. They issued a “market perform” rating and a $38.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of TPG in a research note on Monday, April 1st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.96.

Insiders Place Their Bets

In other news, insider Joann Harris sold 1,739 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $72,411.96. Following the sale, the insider now owns 22,860 shares of the company’s stock, valued at $951,890.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Joann Harris sold 1,739 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $72,411.96. Following the sale, the insider now owns 22,860 shares of the company’s stock, valued at $951,890.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Martin Davidson sold 39,317 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the completion of the sale, the chief accounting officer now directly owns 30,991 shares in the company, valued at approximately $1,290,465.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,434,129 shares of company stock valued at $101,357,132. Company insiders own 78.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TPG. Simplicity Solutions LLC raised its holdings in TPG by 9.7% in the 3rd quarter. Simplicity Solutions LLC now owns 58,581 shares of the company’s stock worth $1,764,000 after purchasing an additional 5,181 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in TPG by 7.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,151 shares of the company’s stock worth $246,000 after purchasing an additional 600 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in TPG by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 403,048 shares of the company’s stock worth $12,140,000 after purchasing an additional 9,027 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TPG by 27.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,126 shares of the company’s stock worth $365,000 after purchasing an additional 2,636 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in TPG in the 3rd quarter worth $30,000. 86.79% of the stock is currently owned by institutional investors.

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.