TPG Inc. (NASDAQ:TPG) Short Interest Update

Key Points

• TPG Inc. experienced a significant decline in short interest, dropping 22.6% in August, with total short interest at 6,490,000 shares as of the end of the month.
• Hedge funds have increased their stakes in TPG, with Temasek Holdings growing its position by 114.2% and the overall institutional ownership at 94.03%.
• TPG also raised its quarterly dividend from $0.41 to $0.59, resulting in an annualized dividend yield of 3.8%.

TPG Inc. (NASDAQ:TPG - Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 6,490,000 shares, a decrease of 22.6% from the August 15th total of 8,380,000 shares. Based on an average daily trading volume, of 1,800,000 shares, the short-interest ratio is presently 3.6 days. Approximately 5.0% of the company's stock are short sold. Approximately 5.0% of the company's stock are short sold. Based on an average daily trading volume, of 1,800,000 shares, the short-interest ratio is presently 3.6 days.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the completion of the transaction, the director owned 16,807 shares of the company's stock, valued at approximately $946,570.24. This represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 69.98% of the company's stock.

Institutional Trading of TPG

Several hedge funds have recently added to or reduced their stakes in TPG. Ameriprise Financial Inc. acquired a new stake in shares of TPG in the 4th quarter valued at about $236,000. Focus Partners Wealth acquired a new stake in shares of TPG in the 4th quarter valued at about $228,000. Janus Henderson Group PLC raised its stake in shares of TPG by 15.1% in the 4th quarter. Janus Henderson Group PLC now owns 34,397 shares of the company's stock valued at $2,162,000 after purchasing an additional 4,500 shares during the period. Nuveen Asset Management LLC raised its stake in shares of TPG by 6.5% in the 4th quarter. Nuveen Asset Management LLC now owns 200,149 shares of the company's stock valued at $12,577,000 after purchasing an additional 12,163 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of TPG by 33.6% in the 4th quarter. Two Sigma Investments LP now owns 141,797 shares of the company's stock valued at $8,911,000 after purchasing an additional 35,662 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

TPG Stock Performance

Shares of TPG stock traded up $0.21 during trading on Friday, reaching $63.94. The company's stock had a trading volume of 3,317,194 shares, compared to its average volume of 1,368,784. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40. The business's fifty day moving average price is $59.64 and its 200-day moving average price is $52.47. The firm has a market cap of $24.16 billion, a price-to-earnings ratio of -336.53, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. TPG has a one year low of $37.52 and a one year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.24. The company had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. TPG had a return on equity of 25.79% and a net margin of 1.60%.The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. As a group, equities research analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. This is an increase from TPG's previous quarterly dividend of $0.41. The ex-dividend date was Monday, August 18th. TPG's dividend payout ratio (DPR) is -1,242.11%.

Analysts Set New Price Targets

A number of research firms have commented on TPG. Wells Fargo & Company increased their target price on TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Citigroup raised their target price on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group raised their target price on TPG from $61.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Evercore ISI raised their target price on TPG from $52.00 to $60.00 and gave the company an "in-line" rating in a research report on Friday, August 8th. Finally, BNP Paribas Exane upgraded TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price target on the stock in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.57.

About TPG

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.