TPG Inc. (NASDAQ:TPG) Short Interest Update

TPG Inc. (NASDAQ:TPG) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 4,090,000 shares, a decrease of 26.0% from the November 15th total of 5,530,000 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 3.9 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Evercore ISI upped their price target on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. The Goldman Sachs Group increased their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on TPG from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley upped their price objective on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, TPG presently has a consensus rating of “Hold” and an average price target of $60.08.

Institutional Investors Weigh In On TPG

Several hedge funds and other institutional investors have recently made changes to their positions in TPG. International Assets Investment Management LLC lifted its position in TPG by 5,656.0% in the third quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock worth $1,988,000 after purchasing an additional 33,936 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of TPG in the 2nd quarter valued at approximately $1,057,000. Millennium Management LLC raised its holdings in shares of TPG by 32.4% in the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after buying an additional 922,571 shares in the last quarter. Quest Partners LLC bought a new position in shares of TPG during the 2nd quarter worth approximately $606,000. Finally, Renaissance Capital LLC boosted its stake in TPG by 20.0% in the 3rd quarter. Renaissance Capital LLC now owns 90,618 shares of the company’s stock valued at $5,216,000 after buying an additional 15,131 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

Shares of TPG stock traded down $1.02 on Friday, hitting $67.35. The company’s stock had a trading volume of 435,079 shares, compared to its average volume of 897,577. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a fifty-two week low of $38.20 and a fifty-two week high of $72.98. The firm’s fifty day moving average price is $66.45 and its 200-day moving average price is $54.00.

TPG (NASDAQ:TPG) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm had revenue of $855.40 million during the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, analysts anticipate that TPG will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, November 14th. TPG’s dividend payout ratio is -447.05%.

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.