Interval Partners LP bought a new stake in TPG Inc. (NASDAQ:TPG – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 251,749 shares of the company’s stock, valued at approximately $16,072,000. Interval Partners LP owned approximately 0.07% of TPG as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of TPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TPG by 268.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 524 shares in the last quarter. International Assets Investment Management LLC bought a new stake in TPG in the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its stake in TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after purchasing an additional 649 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in TPG in the third quarter valued at approximately $51,000. Institutional investors own 94.03% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. BMO Capital Markets lowered their target price on shares of TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings downgraded shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TPG in a research note on Wednesday, March 4th. Morgan Stanley set a $60.00 target price on shares of TPG in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of TPG in a research report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.75.
TPG Stock Down 4.7%
Shares of TPG stock opened at $42.56 on Thursday. The firm has a fifty day moving average of $42.46 and a 200-day moving average of $50.16. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. TPG Inc. has a 12-month low of $36.95 and a 12-month high of $70.38. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 193.46, a P/E/G ratio of 0.80 and a beta of 1.44.
TPG (NASDAQ:TPG – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.09. TPG had a net margin of 3.81% and a return on equity of 28.13%. The company had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts predict that TPG Inc. will post 2.86 earnings per share for the current fiscal year.
TPG Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.36 annualized dividend and a dividend yield of 5.5%. TPG’s dividend payout ratio is currently 1,072.73%.
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.
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