TPG Inc. (NASDAQ:TPG) Sees Large Decline in Short Interest

TPG Inc. (NASDAQ:TPG) was the recipient of a significant decline in short interest during 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 stock are short sold. Based on an average trading volume of 801,900 shares, the short-interest ratio is currently 3.2 days.

TPG Stock Performance

NASDAQ TPG traded down $0.63 during trading hours on Tuesday, reaching $43.18. 275,167 shares of the company were exchanged, compared to its average volume of 764,853. The stock has a market capitalization of $15.75 billion, a P/E ratio of -1,083.23, a P/E/G ratio of 0.75 and a beta of 1.62. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28. TPG has a 1 year low of $24.74 and a 1 year high of $47.20. The business’s 50 day simple moving average is $44.29 and its 200-day simple moving average is $39.72.

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 the consensus estimate of $0.41 by $0.10. TPG had a net margin of 3.35% and a return on equity of 18.69%. The company had revenue of $529.90 million during the quarter, compared to analyst estimates of $395.30 million. During the same quarter last year, the business posted $0.59 EPS. TPG’s quarterly revenue was up 51.3% compared to the same quarter last year. On average, equities research analysts expect that TPG will post 2.09 earnings per share for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.76 annualized dividend and a dividend yield of 4.08%. TPG’s payout ratio is presently -4,398.90%.

Insider Buying and Selling at TPG

In other news, CAO Martin Davidson sold 39,317 shares of the stock in a transaction dated Thursday, February 29th. The shares were 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 owns 30,991 shares of the company’s stock, valued at $1,290,465.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Martin Davidson sold 39,317 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the sale, the chief accounting officer now owns 30,991 shares of the company’s stock, valued at approximately $1,290,465.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman James G. Coulter sold 16,949 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $705,756.36. Following the sale, the chairman now owns 386,936 shares in the company, valued at approximately $16,112,015.04. The disclosure for this sale can be found here. Insiders have sold a total of 2,434,129 shares of company stock worth $101,357,132 over the last 90 days. Insiders own 78.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its stake in TPG by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock valued at $1,229,000 after buying an additional 280 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of TPG by 1.3% in the third quarter. Public Employees Retirement System of Ohio now owns 30,073 shares of the company’s stock valued at $906,000 after purchasing an additional 384 shares in the last quarter. Arizona State Retirement System raised its stake in shares of TPG by 2.8% during the 3rd quarter. Arizona State Retirement System now owns 15,429 shares of the company’s stock valued at $465,000 after purchasing an additional 423 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TPG by 4.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,714 shares of the company’s stock worth $549,000 after purchasing an additional 588 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake 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 during the period. Institutional investors own 86.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TPG has been the subject of a number of research reports. TheStreet lowered shares of TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Wells Fargo & Company lifted their price target on shares of TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Keefe, Bruyette & Woods boosted their price objective on shares of TPG from $42.00 to $48.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Citigroup raised their target price on TPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of TPG in a report on Monday, April 1st. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, TPG presently has an average rating of “Hold” and a consensus target price of $39.96.

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.