Westwood Holdings Group Inc. Acquires Shares of 29,545 TPG Inc. $TPG

Westwood Holdings Group Inc. acquired a new stake in TPG Inc. (NASDAQ:TPG) during the second quarter, Holdings Channel.com reports. The firm acquired 29,545 shares of the company’s stock, valued at approximately $1,550,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cresset Asset Management LLC purchased a new stake in TPG during the 1st quarter worth about $216,000. T. Rowe Price Investment Management Inc. raised its position in shares of TPG by 28.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,201,727 shares of the company’s stock worth $104,428,000 after acquiring an additional 481,418 shares in the last quarter. Boston Partners purchased a new stake in TPG during the second quarter worth approximately $8,461,000. Clear Harbor Asset Management LLC lifted its stake in TPG by 38.8% during the second quarter. Clear Harbor Asset Management LLC now owns 76,985 shares of the company’s stock worth $4,038,000 after purchasing an additional 21,522 shares during the last quarter. Finally, Strs Ohio acquired a new position in TPG in the first quarter valued at approximately $1,057,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Down 0.2%

TPG stock opened at $66.74 on Tuesday. The company has a market cap of $25.23 billion, a price-to-earnings ratio of 741.56, a price-to-earnings-growth ratio of 1.22 and a beta of 1.51. The company has a fifty day moving average price of $57.82 and a 200 day moving average price of $57.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $70.11.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $509.40 million for the quarter, compared to analysts’ expectations of $510.32 million. TPG had a return on equity of 25.79% and a net margin of 2.83%.The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. Sell-side analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.7%. TPG’s dividend payout ratio (DPR) is currently 2,000.00%.

Analyst Ratings Changes

TPG has been the topic of a number of research analyst reports. Zacks Research cut shares of TPG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Bank of America lifted their price target on shares of TPG from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Morgan Stanley boosted their price target on shares of TPG from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a report on Monday, December 8th. Finally, UBS Group started coverage on TPG in a research report on Thursday, December 11th. They set a “buy” rating and a $82.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.92.

TPG Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.