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

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

Analysts Set New Price Targets

A number of research firms have weighed in on TPG. UBS Group cut their price objective on shares of TPG from $83.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Barclays dropped 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. The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 price target on shares of TPG in a research report on Tuesday, January 6th. Morgan Stanley set a $67.00 price objective on shares of TPG in a research note on Tuesday, January 27th. Finally, Citigroup raised TPG to an “outperform” rating in a report on Monday, February 9th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.67.

Institutional Investors Weigh In On TPG

A number of institutional investors and hedge funds have recently made changes to their positions in TPG. International Assets Investment Management LLC purchased a new position in shares of TPG during the fourth quarter worth about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after acquiring an additional 524 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in TPG by 2,496.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after acquiring an additional 649 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in TPG by 252.7% during the 3rd 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 TPG during the 3rd quarter worth approximately $51,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Stock Performance

NASDAQ TPG traded up $0.57 on Tuesday, reaching $40.30. The stock had a trading volume of 608,879 shares, compared to its average volume of 3,694,207. The stock has a market cap of $15.48 billion, a P/E ratio of 92.89, a price-to-earnings-growth ratio of 0.57 and a beta of 1.55. TPG has a 12-month low of $37.52 and a 12-month high of $70.38. The business’s 50-day moving average price is $48.07 and its 200 day moving average price is $56.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.

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

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Thursday, February 19th. This is an increase from TPG’s previous quarterly dividend of $0.45. TPG’s payout ratio is 554.55%.

About TPG

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.