TPG Inc. $TPG Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its stake in shares of TPG Inc. (NASDAQ:TPG) by 12.7% during the second quarter, Holdings Channel reports. The firm owned 511,356 shares of the company’s stock after selling 74,520 shares during the period. Squarepoint Ops LLC’s holdings in TPG were worth $20,735,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of TPG by 3,931.2% during the second quarter. California State Teachers Retirement System now owns 6,481,836 shares of the company’s stock worth $262,838,000 after purchasing an additional 6,321,046 shares during the last quarter. Darlington Partners Capital Management LP purchased a new stake in shares of TPG in the 2nd quarter valued at about $258,581,000. Wellington Management Group LLP boosted its position in shares of TPG by 38.1% in the 2nd quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company’s stock valued at $446,840,000 after purchasing an additional 3,041,560 shares during the period. Jackson Brooke LLC acquired a new stake in shares of TPG in the 2nd quarter valued at about $92,395,080. Finally, Millennium Management LLC lifted its stake in TPG by 66.9% in the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock valued at $292,689,000 after buying an additional 1,837,799 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Down 3.3%

TPG stock opened at $50.91 on Wednesday. The stock’s 50 day moving average price is $47.53 and its 200 day moving average price is $43.90. TPG Inc. has a 1-year low of $36.95 and a 1-year high of $70.38. The company has a market cap of $19.57 billion, a PE ratio of 77.14, a price-to-earnings-growth ratio of 0.88 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. TPG had a net margin of 4.67% and a return on equity of 28.10%. The business had revenue of $628.19 million during the quarter, compared to the consensus estimate of $596.79 million. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue was up 23.9% compared to the same quarter last year. On average, sell-side analysts predict that TPG Inc. will post 2.88 EPS for the current fiscal year.

TPG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Friday, August 14th. TPG’s payout ratio is presently 357.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TPG. BMO Capital Markets cut their target price on shares of TPG from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Citizens Jmp decreased their price target on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. TD Cowen raised shares of TPG from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of TPG from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, UBS Group upped their target price on shares of TPG from $59.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.33.

About TPG

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.