Massachusetts Financial Services Co. MA Sells 2,880,143 Shares of TPG Inc. $TPG

Key Points

• Massachusetts Financial Services cut its stake in TPG by 55.8% in Q4, selling 2,880,143 shares and leaving it with 2,284,437 shares valued at about $145.8 million (≈0.60% of the company).
• TPG posted a strong quarter, beating EPS estimates ($0.85 vs. $0.65) and reporting revenue of $1.49 billion (up 35.6% year-over-year), while analysts hold a consensus “Moderate Buy” with an average price target of $64.00.
• The company raised its quarterly dividend to $0.61 (annualized $2.44) for a ~6.4% yield, though the payout ratio is an unusually high 554.55%, suggesting potential sustainability concerns.

Massachusetts Financial Services Co. MA trimmed its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,284,437 shares of the company's stock after selling 2,880,143 shares during the period. Massachusetts Financial Services Co. MA owned about 0.60% of TPG worth $145,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TPG. Darlington Partners Capital Management LP bought a new position in shares of TPG during the second quarter valued at about $258,581,000. Bank of America Corp DE raised its stake in shares of TPG by 72.7% during the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company's stock valued at $204,960,000 after acquiring an additional 1,501,808 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of TPG during the second quarter valued at about $54,088,000. Goldman Sachs Group Inc. increased its position in shares of TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company's stock valued at $27,083,000 after buying an additional 557,438 shares during the period. Finally, First Trust Advisors LP increased its position in shares of TPG by 262.0% during the third quarter. First Trust Advisors LP now owns 747,913 shares of the company's stock valued at $42,968,000 after buying an additional 541,304 shares during the period. 94.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TPG has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of TPG in a research report on Friday, March 27th. Evercore set a $56.00 price target on shares of TPG in a research report on Friday, February 6th. The Goldman Sachs Group reduced their price target on shares of TPG from $80.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. Citizens Jmp upgraded shares of TPG from a "market perform" rating to an "outperform" rating and set a $75.00 price target on the stock in a research report on Monday, February 9th. Finally, Wolfe Research reiterated an "outperform" rating and set a $80.00 price target on shares of TPG in a research report on Wednesday, January 7th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

TPG Price Performance

Shares of TPG opened at $38.29 on Monday. The stock has a market cap of $14.71 billion, a PE ratio of 87.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The firm's 50-day simple moving average is $44.03 and its two-hundred day simple moving average is $54.59.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. The business's revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. Analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were paid a $0.61 dividend. This is a boost from TPG's previous quarterly dividend of $0.45. This represents a $2.44 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Thursday, February 19th. TPG's payout ratio is currently 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.

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