TPG Inc. (NASDAQ:TPG) Short Interest Down 22.6% in August

TPG Inc. (NASDAQ:TPG) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,490,000 shares, a drop of 22.6% from the August 15th total of 8,380,000 shares. Approximately 5.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,800,000 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily trading volume, of 1,800,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 5.0% of the company’s stock are short sold.

Insider Transactions at TPG

In related news, Director Deborah M. Messemer sold 1,796 shares of TPG stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total transaction of $101,150.72. Following the transaction, the director directly owned 16,807 shares of the company’s stock, valued at $946,570.24. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 69.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TPG. Allworth Financial LP increased its stake in shares of TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $30,000 after purchasing an additional 369 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of TPG during the second quarter worth about $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of TPG by 55.7% during the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after purchasing an additional 338 shares in the last quarter. Finally, MAI Capital Management increased its stake in shares of TPG by 572.3% during the second quarter. MAI Capital Management now owns 1,190 shares of the company’s stock worth $62,000 after purchasing an additional 1,013 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Trading Up 1.8%

Shares of TPG stock opened at $63.73 on Friday. The firm has a 50-day simple moving average of $59.47 and a two-hundred day simple moving average of $52.36. The company has a market cap of $24.08 billion, a P/E ratio of -335.42, a price-to-earnings-growth ratio of 1.31 and a beta of 1.56. TPG has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.24. The business had revenue of $495.12 million during the quarter, compared to the consensus estimate of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, equities analysts predict that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from TPG’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, August 18th. TPG’s payout ratio is currently -1,242.11%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TPG shares. BNP Paribas raised shares of TPG to a “strong-buy” rating in a report on Wednesday, July 30th. Wolfe Research began coverage on shares of TPG in a report on Friday, June 20th. They set an “outperform” rating and a $60.00 price objective on the stock. Citigroup raised their target price on shares of TPG from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Zacks Research upgraded shares of TPG from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Finally, Evercore ISI raised their target price on shares of TPG from $52.00 to $60.00 and gave the company an “in-line” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TPG currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.57.

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.