Stephens Inc. AR Invests $1.22 Million in TPG Inc. $TPG

Stephens Inc. AR acquired a new stake in TPG Inc. (NASDAQ:TPG) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 30,000 shares of the company’s stock, valued at approximately $1,215,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TPG. Osaic Holdings Inc. increased its holdings in TPG by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after purchasing an additional 234 shares during the period. Lazard Asset Management LLC boosted its stake in shares of TPG by 3.1% in the 2nd quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after buying an additional 238 shares during the period. Strategic Wealth Partners Ltd. boosted its stake in shares of TPG by 2.5% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock valued at $589,000 after buying an additional 253 shares during the period. CWM LLC grew its position in shares of TPG by 22.2% during the fourth quarter. CWM LLC now owns 1,500 shares of the company’s stock worth $96,000 after buying an additional 273 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TPG by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock worth $57,000 after buying an additional 273 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

TPG News Roundup

Here are the key news stories impacting TPG this week:

• Positive Sentiment: TPG completed its acquisition of Forcepoint’s G2CI cybersecurity business, adding to its private equity platform and potentially creating future value from a strategic asset. TPG completes acquisition of Forcepoint G2CI cybersecurity business
• Positive Sentiment: TPG is part of a consortium acquiring Aseem Infra Finance, signaling continued investment activity and deal execution in infrastructure finance. TPG-led consortium to acquire Aseem Infra Finance
• Positive Sentiment: TPG is also reported to be exploring a possible sale of Hologic’s surgical unit with Blackstone, which could point to a potentially large monetization opportunity if a deal advances. Blackstone, TPG seek over $4 billion for Hologic’s surgical unit
• Neutral Sentiment: Analysts continue to rate TPG around “Moderate Buy,” suggesting broadly constructive sentiment remains in place despite mixed near-term signals. TPG Inc. given average recommendation of Moderate Buy by analysts
• Neutral Sentiment: TPG Angelo Gordon and Blomfield secured a £100 million Leumi UK facility for a UK IOS platform, another sign of ongoing capital deployment activity. TPG Angelo Gordon and Blomfield secure 100m Leumi UK facility
• Neutral Sentiment: A Citizens JMP note lowered TPG’s price target to $68 from $75, which is a mild headwind, but the firm still kept an “outperform” stance. TPG price target lowered to 68.00 at Citizens JMP

TPG Stock Up 0.1%

Shares of NASDAQ TPG traded up $0.04 during midday trading on Friday, hitting $42.67. 1,245,677 shares of the company’s stock were exchanged, compared to its average volume of 2,228,958. The firm’s fifty day simple moving average is $42.08 and its 200-day simple moving average is $47.59. The company has a market cap of $16.40 billion, a PE ratio of 193.96, a P/E/G ratio of 0.77 and a beta of 1.45. TPG Inc. has a twelve month low of $36.95 and a twelve 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.

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

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a $0.59 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.36 annualized dividend and a dividend yield of 5.5%. TPG’s dividend payout ratio is presently 1,072.73%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Morgan Stanley set a $60.00 target price on shares of TPG in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of TPG in a report on Monday, May 4th. Weiss Ratings downgraded shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. TD Cowen reduced their price objective on shares of TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Barclays lifted their price objective on shares of TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.27.

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.