TPG Inc. $TPG Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC decreased its position in TPG Inc. (NASDAQ:TPG) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,941 shares of the company’s stock after selling 19,321 shares during the period. Boothbay Fund Management LLC’s holdings in TPG were worth $3,271,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Darlington Partners Capital Management LP purchased a new position in TPG during the second quarter worth about $258,581,000. Norges Bank purchased a new stake in shares of TPG in the 2nd quarter valued at approximately $83,794,000. Balyasny Asset Management L.P. purchased a new stake in shares of TPG in the 2nd quarter valued at approximately $54,088,000. Geode Capital Management LLC lifted its holdings in shares of TPG by 30.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock worth $185,136,000 after acquiring an additional 831,865 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of TPG by 4,109.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after acquiring an additional 557,438 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TPG shares. Barclays dropped their target price on shares of TPG from $69.00 to $56.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Citigroup upgraded TPG to an “outperform” rating in a research report on Monday, February 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TPG in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a report on Monday, December 29th. Finally, Wolfe Research reissued an “outperform” rating and set a $80.00 target price on shares of TPG in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.80.

TPG Stock Performance

Shares of TPG stock opened at $39.50 on Tuesday. The firm has a 50 day moving average of $53.37 and a two-hundred day moving average of $57.48. The stock has a market capitalization of $15.17 billion, a PE ratio of 89.77, a P/E/G ratio of 0.59 and a beta of 1.55. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $70.38.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $548.40 million. TPG had a return on equity of 26.02% and a net margin of 3.95%.The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. On average, research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were issued a dividend of $0.61 per share. This is a positive change from TPG’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 19th. This represents a $2.44 annualized dividend and a yield of 6.2%. TPG’s dividend payout ratio (DPR) is currently 554.55%.

TPG Profile

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.