Interval Partners LP Buys New Shares in TPG Inc. $TPG

Interval Partners LP bought a new stake in TPG Inc. (NASDAQ:TPG) in the fourth quarter, HoldingsChannel reports. The fund bought 251,749 shares of the company’s stock, valued at approximately $16,072,000.

A number of other hedge funds have also added to or reduced their stakes in TPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 purchasing an additional 524 shares in the last quarter. International Assets Investment Management LLC bought a new position in TPG in the fourth quarter valued at $38,000. EverSource Wealth Advisors LLC grew its position in TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after purchasing an additional 649 shares in the last quarter. PNC Financial Services Group Inc. grew its position in TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in TPG in the third quarter valued at $51,000. Institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

NASDAQ TPG opened at $42.56 on Thursday. The firm has a 50-day moving average of $42.46 and a 200-day moving average of $50.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $16.36 billion, a PE ratio of 193.46, a P/E/G ratio of 0.80 and a beta of 1.44. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38.

TPG (NASDAQ:TPG) last posted its earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. TPG’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. On average, sell-side analysts anticipate that TPG Inc. will post 2.86 EPS for the current 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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, May 11th. TPG’s dividend payout ratio (DPR) is currently 1,072.73%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $61.00 target price on shares of TPG in a research report on Tuesday, May 5th. TD Cowen decreased their target price on shares of TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TPG in a research note on Wednesday, March 4th. Morgan Stanley set a $60.00 price target on shares of TPG in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of TPG in a research note on Monday, May 4th. Twelve 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

TPG Company 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.