Versor Investments LP Purchases Shares of 10,700 TPG Inc. $TPG

Versor Investments LP acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the 3rd quarter, HoldingsChannel reports. The fund acquired 10,700 shares of the company’s stock, valued at approximately $615,000.

Several other large investors have also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in TPG during the 2nd quarter worth approximately $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TPG by 268.7% during 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 during the last quarter. MAI Capital Management lifted its holdings in shares of TPG by 572.3% in the 2nd quarter. MAI Capital Management now owns 1,190 shares of the company’s stock worth $62,000 after purchasing an additional 1,013 shares during the last quarter. CWM LLC boosted its holdings in shares of TPG by 19.5% during the third quarter. CWM LLC now owns 1,227 shares of the company’s stock valued at $70,000 after acquiring an additional 200 shares during the period. Finally, Comerica Bank grew its position in shares of TPG by 43.1% during the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after acquiring an additional 465 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TPG shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $80.00 price objective on shares of TPG in a report on Tuesday, January 6th. TD Cowen reiterated a “hold” rating on shares of TPG in a report on Wednesday, January 14th. Citigroup raised shares of TPG to an “outperform” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their target price on TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.00.

TPG Stock Down 6.4%

TPG stock opened at $49.67 on Thursday. The stock has a market capitalization of $18.78 billion, a PE ratio of 112.89, a price-to-earnings-growth ratio of 0.78 and a beta of 1.50. The company has a 50 day moving average of $62.98 and a 200-day moving average of $60.10. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $70.38. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The firm had revenue of $628.48 million during the quarter, compared to analysts’ expectations of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.96%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. On average, equities research analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.61 per share. This is an increase from TPG’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.9%. TPG’s payout ratio is presently 409.09%.

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.