TPG Inc. $TPG Stock Position Raised by Y Intercept Hong Kong Ltd

by · The Markets Daily

Y Intercept Hong Kong Ltd increased its holdings in shares of TPG Inc. (NASDAQ:TPG – Free Report) by 48.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,802 shares of the company’s stock after acquiring an additional 33,637 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in TPG were worth $4,165,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in TPG in the fourth quarter valued at approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 during the period. EverSource Wealth Advisors LLC raised its position in shares of TPG by 2,496.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after purchasing an additional 649 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of 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 purchasing an additional 566 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in TPG during the 4th quarter valued at approximately $70,000. Institutional investors own 94.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group restated a “buy” rating and set a $61.00 price objective on shares of TPG in a research note on Tuesday, May 5th. UBS Group raised their target price on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Barclays boosted their price target on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. TD Cowen dropped 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, Morgan Stanley set a $60.00 price objective on shares of TPG in a research report on Tuesday, April 21st. Twelve equities research 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’s stock. Based on data from MarketBeat, TPG presently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

View Our Latest Stock Report on TPG

TPG Stock Performance

TPG stock opened at $41.43 on Monday. The company has a 50-day simple moving average of $42.13 and a 200 day simple moving average of $48.26. The company has a market capitalization of $15.92 billion, a P/E ratio of 188.33, a PEG ratio of 0.75 and a beta of 1.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38.

TPG (NASDAQ:TPG – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $557.18 million for the quarter, compared to the consensus estimate of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. TPG’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. Sell-side analysts predict that TPG Inc. will post 2.86 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Monday, May 11th. TPG’s dividend payout ratio is 1,072.73%.

TPG Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG Inc. (NASDAQ:TPG – Free Report).