158,500 Shares in TPG Inc. $TPG Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of TPG Inc. (NASDAQ:TPG) during the first quarter, Holdings Channel reports. The firm purchased 158,500 shares of the company’s stock, valued at approximately $6,421,000.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of TPG during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC grew its stake in TPG by 2,496.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after acquiring an additional 649 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after acquiring an additional 524 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in TPG by 252.7% in 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in TPG during the fourth quarter worth $70,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of TPG from a “sell” rating to a “hold” rating in a research note on Sunday. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on TPG in a report on Monday, May 4th. Barclays boosted their price objective on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and set a $61.00 target price on shares of TPG in a report on Tuesday, May 5th. Finally, BMO Capital Markets decreased their target price on TPG from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.43.

TPG Stock Performance

Shares of TPG stock opened at $42.16 on Thursday. The business’s 50 day moving average price is $42.05 and its 200 day moving average price is $45.38. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 191.65, a PEG ratio of 0.81 and a beta of 1.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. TPG Inc. has a one year low of $36.95 and a one year high of $70.38.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.09. TPG had a net margin of 3.81% and a return on equity of 28.13%. The firm had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. During the same period last year, the business earned $0.48 earnings per share. TPG’s revenue was up 14.1% compared to the same quarter last year. On average, research analysts predict that TPG Inc. will post 2.83 EPS for the current year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.59 per share. The ex-dividend date was Monday, May 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.6%. TPG’s dividend payout ratio (DPR) is currently 1,072.73%.

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.