TPG Inc. $TPG Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in TPG Inc. (NASDAQ:TPGFree Report) by 48.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,802 shares of the company’s stock after purchasing an additional 33,637 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in TPG were worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Darlington Partners Capital Management LP acquired a new position in TPG in the 2nd quarter worth $258,581,000. Millennium Management LLC grew its stake in shares of TPG by 66.9% during the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock valued at $292,689,000 after acquiring an additional 1,837,799 shares in the last quarter. Norges Bank acquired a new stake in shares of TPG during the fourth quarter valued at about $106,755,000. Bank of America Corp DE increased its position in shares of TPG by 72.7% during the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock worth $204,960,000 after acquiring an additional 1,501,808 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of TPG during the second quarter worth about $54,088,000. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

Shares of TPG stock opened at $41.43 on Monday. The business has a 50-day moving average price of $42.13 and a 200 day moving average price of $48.26. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The firm has a market cap of $15.92 billion, a P/E ratio of 188.33, a P/E/G ratio of 0.75 and a beta of 1.45. 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 (NASDAQ:TPGGet Free Report) last released its earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $557.18 million for the quarter, compared to the consensus estimate of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.TPG’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. On average, sell-side analysts forecast that TPG Inc. will post 2.86 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, May 11th. This represents a $2.36 annualized dividend and a yield of 5.7%. TPG’s dividend payout ratio (DPR) is 1,072.73%.

Analysts Set New Price Targets

A number of brokerages recently commented on TPG. Morgan Stanley set a $60.00 price target on TPG in a report on Tuesday, April 21st. TD Cowen dropped their price objective on TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Wall Street Zen raised TPG from a “sell” rating to a “hold” rating in a research report on Sunday. UBS Group increased their target price on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Evercore set a $47.00 price target on shares of TPG in a research report on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, TPG presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Read Our Latest Research Report on TPG

TPG Profile

(Free Report)

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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Institutional Ownership by Quarter for TPG (NASDAQ:TPG)

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