Entropy Technologies LP Purchases Shares of 48,399 TPG Inc. $TPG

Entropy Technologies LP acquired a new stake in shares of TPG Inc. (NASDAQ:TPG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 48,399 shares of the company’s stock, valued at approximately $1,961,000.

Several other large investors have also modified their holdings of TPG. Comerica Bank grew its holdings in TPG by 43.1% in the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after purchasing an additional 465 shares during the period. Royal Bank of Canada increased its position in TPG by 86.3% during the first quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock worth $375,000 after purchasing an additional 3,659 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after purchasing an additional 557,438 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in TPG by 156.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after purchasing an additional 294,941 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of TPG in the 2nd quarter valued at $216,000. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

TPG Stock Performance

TPG stock opened at $42.83 on Monday. TPG Inc. has a 12-month low of $36.95 and a 12-month high of $70.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $16.46 billion, a price-to-earnings ratio of 194.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.45. The firm’s fifty day moving average price is $41.92 and its 200 day moving average price is $45.90.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $608.07 million. During the same period in the prior year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts forecast that TPG Inc. will post 2.83 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, May 11th. TPG’s dividend payout ratio (DPR) is 1,072.73%.

Analysts Set New Price Targets

A number of research firms have recently commented on TPG. Morgan Stanley dropped their price objective on TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Wall Street Zen upgraded TPG from a “sell” rating to a “hold” rating in a report on Sunday. Evercore set a $47.00 price target on TPG in a research report on Tuesday, April 21st. BMO Capital Markets dropped their price target on TPG from $52.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Barclays raised their price objective on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, TPG has a consensus rating of “Moderate Buy” and an average price target of $61.00.

TPG Company 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.