Short Interest in TPG Inc. (NASDAQ:TPG) Decreases By 14.1%

TPG Inc. (NASDAQ:TPG) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 7,264,052 shares, a drop of 14.1% from the February 26th total of 8,455,449 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average daily volume of 4,208,421 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of TPG

A number of large investors have recently bought and sold shares of TPG. International Assets Investment Management LLC bought a new position in TPG in the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its position in shares of TPG by 2,496.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after acquiring an additional 649 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 acquiring an additional 524 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after acquiring an additional 566 shares during the period. Finally, Optiver Holding B.V. acquired a new stake in shares of TPG during the third quarter worth $51,000. 94.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays cut their target price on shares of TPG from $69.00 to $56.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Citigroup upgraded shares of TPG to an “outperform” rating in a research report on Monday, February 9th. The Goldman Sachs Group reissued a “buy” rating and set a $80.00 price target on shares of TPG in a research note on Tuesday, January 6th. Wolfe Research restated an “outperform” rating and issued a $80.00 price objective on shares of TPG in a report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a research note on Friday. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

TPG Price Performance

TPG opened at $40.51 on Wednesday. The stock has a market cap of $15.56 billion, a P/E ratio of 92.07, a P/E/G ratio of 0.58 and a beta of 1.55. TPG has a 12 month low of $37.52 and a 12 month high of $70.38. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $47.62 and a 200 day simple moving average of $55.97.

TPG (NASDAQ:TPG) last posted its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.20. TPG had a return on equity of 26.02% and a net margin of 3.95%.The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $548.40 million. During the same period in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, research analysts expect that TPG will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were issued a dividend of $0.61 per share. This is a boost from TPG’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 19th. This represents a $2.44 annualized dividend and a dividend yield of 6.0%. TPG’s dividend payout ratio (DPR) is presently 554.55%.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.