2 weeks Ago By ABMN Staff
TPG Inc. ( NASDAQ:TPG – Get Free Report ) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 5,180,000 shares, an increase of 25.
1% from the August 31st total of 4,140,000 shares. Based on an average daily volume of 961,400 shares, the days-to-cover ratio is currently 5.4 days.
Currently, 6.2% of the shares of the stock are sold short. TPG Price Performance Shares of TPG stock opened at $58.
01 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.
25 and a quick ratio of 0.25. TPG has a one year low of $26.
62 and a one year high of $60.35. The business’s 50 day simple moving average is $50.
73 and its two-hundred day simple moving average is $45.81. The stock has a market capitalization of $21.
16 billion, a P/E ratio of -414.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.
52. TPG ( NASDAQ:TPG – Get Free Report ) last issued its earnings results on Tuesday, August 6th. The company reported $0.
49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06.
The company had revenue of $744.19 million for the quarter, compared to the consensus estimate of $449.34 million.
TPG had a net margin of 1.08% and a return on equity of 24.27%.
During the same period in the previous year, the firm earned $0.26 earnings per share. Analysts forecast that TPG will post 2.
01 EPS for the current year. TPG Increases Dividend Wall Street Analyst Weigh In A number of analysts have recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of TPG in a report on Thursday, September 12th.
They set an “overweight” rating and a $60.00 price objective for the company. JPMorgan Chase & Co.
lifted their price target on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th.
TD Cowen reduced their price objective on TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, July 8th.
Finally, The Goldman Sachs Group boosted their target price on TPG from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, September 13th.
Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.
25. Check Out Our Latest Analysis on TPG Insider Transactions at TPG In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the firm’s stock in a transaction dated Wednesday, July 17th.
The stock was sold at an average price of $46.55, for a total value of $190,342.95.
Following the sale, the director now owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .
Insiders own 76.48% of the company’s stock. Institutional Trading of TPG A number of institutional investors have recently modified their holdings of TPG.
Treasurer of the State of North Carolina raised its holdings in shares of TPG by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock valued at $1,229,000 after acquiring an additional 280 shares in the last quarter.
Pinebridge Investments L.P. purchased a new stake in shares of TPG in the 4th quarter worth about $3,532,000.
Stamos Capital Partners L.P. bought a new stake in shares of TPG during the 4th quarter valued at about $517,000.
South Street Advisors LLC increased its position in shares of TPG by 62.0% during the fourth quarter. South Street Advisors LLC now owns 430,573 shares of the company’s stock valued at $18,588,000 after buying an additional 164,845 shares during the period.
Finally, Putnam Investments LLC raised its stake in TPG by 8.6% in the fourth quarter. Putnam Investments LLC now owns 2,362,082 shares of the company’s stock worth $101,971,000 after buying an additional 187,183 shares in the last quarter.
86.79% of the stock is currently owned by hedge funds and other institutional investors. About TPG ( Get Free Report ) 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. Further Reading Receive News & Ratings for TPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG and related companies with MarketBeat.
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