TPG Inc. (NASDAQ:TPG) Shares Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP grew its holdings in shares of TPG Inc. (NASDAQ:TPG) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,689 shares of the company’s stock after buying an additional 1,703 shares during the quarter. Nicholas Investment Partners LP’s holdings in TPG were worth $4,191,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TPG. Comerica Bank increased its holdings in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after purchasing an additional 450 shares in the last quarter. R Squared Ltd acquired a new stake in shares of TPG in the fourth quarter valued at about $97,000. Wedmont Private Capital purchased a new stake in shares of TPG during the 4th quarter valued at about $204,000. Stifel Financial Corp acquired a new position in TPG during the 4th quarter worth approximately $206,000. Finally, Baker Avenue Asset Management LP acquired a new position in TPG during the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Performance

TPG stock opened at $52.85 on Wednesday. The stock’s 50 day simple moving average is $46.81 and its 200 day simple moving average is $58.37. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $72.98. The firm has a market cap of $19.53 billion, a P/E ratio of -120.11, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

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

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, May 19th. TPG’s payout ratio is -496.97%.

Insider Buying and Selling

In other TPG 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 sale, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 69.98% of the company’s stock.

Wall Street Analysts Forecast Growth

TPG has been the topic of a number of analyst reports. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price objective (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. Evercore ISI raised their target price on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group cut their price target on TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company increased their price target on TPG from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.08.

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.