TPG Inc. $TPG Shares Purchased by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd raised its position in shares of TPG Inc. (NASDAQ:TPG) by 36.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 410,000 shares of the company’s stock after acquiring an additional 110,000 shares during the period. Border to Coast Pensions Partnership Ltd owned approximately 0.11% of TPG worth $16,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of TPG in the 4th quarter valued at about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TPG by 268.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after buying an additional 524 shares during the period. EverSource Wealth Advisors LLC lifted its position in TPG by 2,496.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after buying an additional 649 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after buying an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in TPG during the third quarter worth approximately $51,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Trading Down 0.8%

TPG opened at $39.69 on Friday. The firm’s 50 day moving average is $42.55 and its 200-day moving average is $49.28. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $15.25 billion, a P/E ratio of 180.42, a P/E/G ratio of 0.72 and a beta of 1.44.

TPG (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. The business had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Analysts expect that TPG Inc. will post 2.86 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s dividend payout ratio is presently 1,072.73%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore set a $47.00 target price on shares of TPG in a report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $61.00 price target on shares of TPG in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on TPG in a research report on Monday, May 4th. Wall Street Zen cut TPG from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Barclays upped their target price on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

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.