TPG Inc. $TPG Shares Sold by Partners Group Holding AG

Partners Group Holding AG cut its holdings in shares of TPG Inc. (NASDAQ:TPG) by 6.1% in the 3rd quarter, Holdings Channel reports. The fund owned 480,740 shares of the company’s stock after selling 31,443 shares during the period. TPG accounts for about 1.5% of Partners Group Holding AG’s investment portfolio, making the stock its 24th biggest position. Partners Group Holding AG’s holdings in TPG were worth $27,619,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in TPG during the 2nd quarter valued at approximately $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $38,000 after buying an additional 524 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after buying an additional 566 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of TPG in the third quarter worth $51,000. Finally, MAI Capital Management raised its holdings in TPG by 572.3% in the second quarter. MAI Capital Management now owns 1,190 shares of the company’s stock valued at $62,000 after acquiring an additional 1,013 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TPG. UBS Group decreased their price objective on shares of TPG from $83.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 20th. Evercore set a $56.00 price target on TPG in a research note on Friday, February 6th. TD Cowen reissued a “hold” rating on shares of TPG in a report on Wednesday, January 14th. Citigroup raised TPG to an “outperform” rating in a report on Monday, February 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.67.

TPG Trading Up 3.8%

Shares of NASDAQ TPG opened at $44.68 on Thursday. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $70.38. The company has a market cap of $16.89 billion, a price-to-earnings ratio of 101.55, a price-to-earnings-growth ratio of 0.58 and a beta of 1.50. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $59.20 and its 200 day simple moving average is $59.24.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.20. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. TPG had a return on equity of 26.02% and a net margin of 3.95%.The firm’s revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Equities research analysts expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be issued a $0.61 dividend. This is a boost 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 5.5%. TPG’s dividend payout ratio is 554.55%.

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.