Lighthouse Investment Partners LLC Acquires Shares of 188,611 TPG Inc. (NASDAQ:TPG)

Lighthouse Investment Partners LLC acquired a new stake in shares of TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 188,611 shares of the company’s stock, valued at approximately $11,852,000.

Several other institutional investors have also added to or reduced their stakes in TPG. Comerica Bank lifted its holdings in shares of TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after buying an additional 450 shares in the last quarter. R Squared Ltd purchased a new stake in shares of TPG in the fourth quarter worth about $97,000. Stifel Financial Corp purchased a new stake in shares of TPG in the fourth quarter worth about $206,000. Wedmont Private Capital purchased a new stake in shares of TPG in the fourth quarter worth about $204,000. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of TPG in the fourth quarter worth about $220,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares of the company’s stock, valued at $14,553,683.64. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 69.98% of the company’s stock.

Analysts Set New Price Targets

TPG has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of TPG from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group decreased their price objective on shares of TPG from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Evercore ISI upped their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group decreased their price objective on shares of TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $47.00 price objective (down from $80.00) on shares of TPG in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.08.

TPG Stock Up 1.6%

Shares of TPG stock opened at $49.53 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of -112.57, a P/E/G ratio of 0.80 and a beta of 1.58. The company’s 50 day moving average price is $46.70 and its 200-day moving average price is $58.51.

TPG (NASDAQ:TPG) last issued its earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a return on equity of 24.66% and a net margin of 0.67%. The firm had revenue of $476.26 million during the quarter, compared to the consensus estimate of $459.75 million. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, May 19th. TPG’s dividend payout ratio is -496.97%.

TPG 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.