Partners Group Holding AG Buys 183,570 Shares of TPG Inc. (NASDAQ:TPG)

Key Points

• Partners Group Holding AG increased its stake in TPG Inc. by 53.2% during the first quarter, acquiring an additional 183,570 shares, which now constitutes about 1.0% of its total holdings.
• Several large investors, including Allworth Financial LP and Versant Capital Management Inc, have dramatically increased their stakes in TPG, indicating strong institutional interest, with 94.03% of stock owned by hedge funds and institutional investors.
• TPG recently announced a quarterly dividend of $0.59 per share, an increase from the previous amount of $0.41, representing an annualized dividend yield of 3.7%.

Partners Group Holding AG lifted its stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 53.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 528,824 shares of the company's stock after acquiring an additional 183,570 shares during the quarter. TPG makes up approximately 1.0% of Partners Group Holding AG's holdings, making the stock its 28th biggest position. Partners Group Holding AG owned about 0.14% of TPG worth $25,082,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TPG. Allworth Financial LP lifted its holdings in TPG by 132.3% in the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after purchasing an additional 369 shares in the last quarter. Versant Capital Management Inc lifted its holdings in TPG by 12,263.6% in the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after purchasing an additional 1,349 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in TPG in the 4th quarter worth approximately $67,000. Comerica Bank lifted its holdings in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after purchasing an additional 450 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in TPG by 27.0% in the 1st quarter. Signaturefd LLC now owns 1,443 shares of the company's stock worth $68,000 after purchasing an additional 307 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BNP Paribas Exane raised TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price target on the stock in a report on Wednesday, July 30th. Wells Fargo & Company boosted their price target on TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Wolfe Research assumed coverage on TPG in a report on Friday, June 20th. They issued an "outperform" rating and a $60.00 price target on the stock. UBS Group lowered their price target on TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Citigroup upped their price objective on TPG from $56.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $62.57.

TPG Stock Performance

NASDAQ TPG opened at $63.48 on Friday. The company has a market cap of $23.64 billion, a P/E ratio of -334.11, a P/E/G ratio of 1.34 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40. The business's 50 day moving average price is $55.33 and its 200-day moving average price is $52.32. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.24. The firm had revenue of $495.12 million for the quarter, compared to the consensus estimate of $470.57 million. TPG had a return on equity of 25.79% and a net margin of 1.60%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. Sell-side analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.36 annualized dividend and a dividend yield of 3.7%. This is an increase from TPG's previous quarterly dividend of $0.41. TPG's dividend payout ratio is presently -863.16%.

Insider Activity at TPG

In other news, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total transaction of $977,970,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value of $101,150.72. Following the transaction, the director directly owned 16,807 shares in the company, valued at approximately $946,570.24. This represents a 9.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 69.98% of the company's stock.

TPG Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.

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