TimesSquare Capital Management LLC Has $98.04 Million Stake in TPG Inc. $TPG

TimesSquare Capital Management LLC reduced its stake in shares of TPG Inc. (NASDAQ:TPG) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,706,515 shares of the company’s stock after selling 164,101 shares during the quarter. TPG comprises 1.4% of TimesSquare Capital Management LLC’s portfolio, making the stock its 16th biggest position. TimesSquare Capital Management LLC owned 0.45% of TPG worth $98,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TPG. Cookson Peirce & Co. Inc. bought a new position in TPG during the 3rd quarter worth approximately $2,257,000. Cibc World Market Inc. bought a new position in shares of TPG during the third quarter worth $323,000. Versor Investments LP bought a new position in shares of TPG during the third quarter worth $615,000. Navellier & Associates Inc. grew its holdings in shares of TPG by 24.9% in the 3rd quarter. Navellier & Associates Inc. now owns 9,438 shares of the company’s stock valued at $542,000 after buying an additional 1,879 shares during the period. Finally, Slagle Financial LLC increased its position in shares of TPG by 2.1% in the 3rd quarter. Slagle Financial LLC now owns 55,683 shares of the company’s stock valued at $3,199,000 after buying an additional 1,150 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

TPG Trading Up 1.6%

NASDAQ TPG opened at $49.53 on Friday. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $70.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50 day moving average price is $62.50 and its two-hundred day moving average price is $59.97. The stock has a market capitalization of $18.73 billion, a price-to-earnings ratio of 112.57, a PEG ratio of 0.73 and a beta of 1.50.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. The company 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 business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. As a group, analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays set a $69.00 target price on TPG in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Evercore set a $56.00 target price on TPG in a research note on Friday, February 6th. Citigroup raised shares of TPG to an “outperform” rating in a research note on Monday, February 9th. Finally, TD Cowen reiterated a “hold” rating on shares of TPG in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, TPG presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

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.