56,063 Shares in TPG Inc. $TPG Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new position in shares of TPG Inc. (NASDAQ:TPG) in the third quarter, Holdings Channel reports. The institutional investor bought 56,063 shares of the company’s stock, valued at approximately $3,221,000.

A number of other hedge funds have also made changes to their positions in TPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in TPG by 252.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after acquiring an additional 566 shares during the last quarter. Optiver Holding B.V. bought a new stake in TPG during the 3rd quarter worth about $51,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in TPG by 54.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,084 shares of the company’s stock worth $62,000 after acquiring an additional 382 shares during the last quarter. Finally, CWM LLC grew its holdings in TPG by 19.5% during the 3rd quarter. CWM LLC now owns 1,227 shares of the company’s stock worth $70,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of TPG in a report on Friday, March 27th. Citizens Jmp raised shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Monday, February 9th. Wolfe Research reissued an “outperform” rating and set a $80.00 price objective on shares of TPG in a report on Wednesday, January 7th. UBS Group decreased their price objective on shares of TPG from $83.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, TD Cowen reaffirmed a “hold” rating on shares of TPG in a research note on Thursday. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.00.

TPG Stock Down 1.3%

Shares of NASDAQ TPG opened at $38.29 on Friday. The firm has a market capitalization of $14.71 billion, a PE ratio of 87.02, a price-to-earnings-growth ratio of 0.63 and a beta of 1.54. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. TPG Inc. has a 1 year low of $36.95 and a 1 year high of $70.38. The firm’s 50-day moving average is $44.03 and its 200-day moving average is $54.70.

TPG (NASDAQ:TPG) last issued its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.20. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Equities analysts expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were paid a $0.61 dividend. This is a boost from TPG’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.44 annualized dividend and a dividend yield of 6.4%. TPG’s payout ratio is 554.55%.

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.