Headlands Technologies LLC Has $448,000 Stock Position in TPG Inc. $TPG

Headlands Technologies LLC lowered its position in TPG Inc. (NASDAQ:TPG) by 67.3% during the 2nd quarter, Holdings Channel reports. The fund owned 11,049 shares of the company’s stock after selling 22,721 shares during the period. Headlands Technologies LLC’s holdings in TPG were worth $448,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of TPG by 0.4% during the fourth quarter. Capital International Investors now owns 11,734,677 shares of the company’s stock valued at $749,142,000 after acquiring an additional 52,213 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of TPG by 38.1% in the 2nd quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company’s stock worth $446,840,000 after purchasing an additional 3,041,560 shares in the last quarter. Temasek Holdings Private Ltd grew its position in TPG by 14.1% in the 1st quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock valued at $406,239,000 after purchasing an additional 1,236,526 shares during the period. Darlington Partners Capital Management LP acquired a new stake in TPG in the 2nd quarter valued at $258,581,000. Finally, Millennium Management LLC increased its stake in TPG by 66.9% during the 4th quarter. Millennium Management LLC now owns 4,584,733 shares of the company’s stock valued at $292,689,000 after purchasing an additional 1,837,799 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Trading Down 0.2%

Shares of TPG stock opened at $52.32 on Thursday. The stock has a fifty day simple moving average of $46.53 and a 200 day simple moving average of $43.79. TPG Inc. has a 12-month low of $36.95 and a 12-month high of $70.38. The company has a market capitalization of $20.11 billion, a P/E ratio of 79.27, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. TPG had a return on equity of 28.10% and a net margin of 4.67%.The business had revenue of $628.19 million during the quarter, compared to analyst estimates of $596.79 million. During the same period in the prior year, the firm posted $0.69 EPS. TPG’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, sell-side analysts anticipate that TPG Inc. will post 2.88 earnings per share for the current fiscal year.

TPG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.59 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 4.5%. TPG’s dividend payout ratio is currently 357.58%.

Analysts Set New Price Targets

Several research analysts have weighed in on TPG shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $62.00 price objective on shares of TPG in a report on Wednesday, August 5th. BMO Capital Markets reduced their price objective on shares of TPG from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada boosted their target price on shares of TPG from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of TPG from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Citigroup reaffirmed an “outperform” rating on shares of TPG in a research report on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TPG currently has a consensus rating of “Moderate Buy” and an average price target of $63.33.

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.