Headlands Technologies LLC Sells 22,721 Shares of TPG Inc. $TPG

Headlands Technologies LLC decreased its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 67.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,049 shares of the company's stock after selling 22,721 shares during the period. Headlands Technologies LLC's holdings in TPG were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TPG. International Assets Investment Management LLC acquired a new position in shares of TPG in the fourth quarter worth approximately $38,000. CX Institutional increased its position in TPG by 481.4% during the 2nd quarter. CX Institutional now owns 657 shares of the company's stock valued at $27,000 after purchasing an additional 544 shares during the period. EverSource Wealth Advisors LLC raised its holdings in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 last quarter. Finally, PNC Financial Services Group Inc. lifted its position 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 period. 94.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TPG. TD Cowen raised shares of TPG from a "hold" rating to a "buy" rating and set a $64.00 price objective on the stock in a research note on Thursday, August 6th. Wall Street Zen raised shares of TPG from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Keefe, Bruyette & Woods boosted their target price on shares of TPG from $53.00 to $57.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of TPG from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada lifted their price objective on TPG from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.33.

TPG Stock Performance

Shares of TPG stock opened at $52.32 on Thursday. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 79.27, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. TPG Inc. has a 52 week low of $36.95 and a 52 week high of $70.38. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $46.53 and a 200-day moving average of $43.79.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.10. The company had revenue of $628.19 million for the quarter, compared to the consensus estimate of $596.79 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. TPG's quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, equities analysts forecast that TPG Inc. will post 2.88 earnings per share for the current year.

TPG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, August 14th. TPG's payout ratio is 357.58%.

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.

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