Private Wealth Partners LLC Acquires 19,710 Shares of TPG Inc. $TPG

Private Wealth Partners LLC boosted its holdings in TPG Inc. (NASDAQ:TPG) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,610 shares of the company’s stock after buying an additional 19,710 shares during the quarter. Private Wealth Partners LLC owned 0.06% of TPG worth $9,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TPG. Fortress Investment Group LLC purchased a new stake in TPG in the third quarter worth approximately $17,167,000. Franklin Resources Inc. grew its position in TPG by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,672,272 shares of the company’s stock worth $153,522,000 after purchasing an additional 425,223 shares during the period. Hudson Bay Capital Management LP purchased a new stake in TPG during the 3rd quarter valued at $2,059,000. Neuberger Berman Group LLC raised its stake in TPG by 52.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 878,421 shares of the company’s stock valued at $50,465,000 after buying an additional 300,962 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of TPG by 3.5% during the 3rd quarter. Capital International Investors now owns 11,682,464 shares of the company’s stock valued at $671,158,000 after buying an additional 392,336 shares during the period. Institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

Shares of TPG stock opened at $41.43 on Friday. 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 cap of $15.92 billion, a price-to-earnings ratio of 188.33, a PEG ratio of 0.75 and a beta of 1.45. TPG Inc. has a 1 year low of $36.95 and a 1 year high of $70.38. The firm has a fifty day moving average price of $42.13 and a 200-day moving average price of $48.39.

TPG (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.TPG’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. As a group, equities analysts predict that TPG Inc. will post 2.86 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a $0.59 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.36 dividend on an annualized basis and a yield of 5.7%. TPG’s dividend payout ratio is presently 1,072.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TPG shares. BMO Capital Markets dropped their price target on TPG from $60.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on TPG in a research report on Monday, May 4th. Barclays increased their target price on TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group boosted their price target on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, TD Cowen cut their price target on TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Twelve investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.