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

TPG Inc. (NASDAQ:TPG) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 2,550,000 shares, a drop of 18.8% from the March 31st total of 3,140,000 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily volume of 801,900 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TD Cowen assumed coverage on TPG in a report on Thursday, January 4th. They set a “market perform” rating and a $38.00 target price on the stock. UBS Group raised their target price on TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, April 12th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. Wells Fargo & Company raised their target price on TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Finally, TheStreet lowered TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.96.

Insider Transactions at TPG

In other news, CAO Martin Davidson sold 39,317 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now directly owns 30,991 shares in the company, valued at $1,290,465.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Anilu Vazquez-Ubarri sold 101,937 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $4,244,656.68. Following the sale, the chief operating officer now directly owns 333,711 shares of the company’s stock, valued at $13,895,726.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Martin Davidson sold 39,317 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $1,637,159.88. Following the sale, the chief accounting officer now directly owns 30,991 shares in the company, valued at $1,290,465.24. The disclosure for this sale can be found here. Insiders sold a total of 2,434,129 shares of company stock worth $101,357,132 over the last three months. 78.72% of the stock is currently owned by insiders.

Institutional Trading of TPG

A number of institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in TPG during the fourth quarter worth approximately $52,189,000. Massachusetts Financial Services Co. MA lifted its position in TPG by 18.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock worth $127,634,000 after buying an additional 462,355 shares in the last quarter. Vanguard Group Inc. lifted its position in TPG by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock worth $261,199,000 after buying an additional 320,972 shares in the last quarter. Grafton Street Partners Fund LP purchased a new position in TPG during the fourth quarter worth approximately $11,479,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in TPG by 72.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company’s stock worth $18,988,000 after buying an additional 265,706 shares in the last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.

TPG Stock Up 1.0 %

Shares of TPG opened at $43.87 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average is $44.28 and its two-hundred day moving average is $39.51. The firm has a market cap of $16.00 billion, a P/E ratio of -1,096.48, a PEG ratio of 0.75 and a beta of 1.62. TPG has a 12 month low of $24.74 and a 12 month high of $47.20.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. The firm had revenue of $529.90 million for the quarter, compared to analyst estimates of $395.30 million. TPG had a return on equity of 18.69% and a net margin of 3.35%. The business’s revenue was up 51.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. Analysts predict that TPG will post 2.09 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, February 22nd. TPG’s dividend payout ratio is presently -4,398.90%.

TPG Company Profile

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.