Partners Group Holding AG Acquires 183,570 Shares of TPG Inc. $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 raised its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 53.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 528,824 shares of the company's stock after acquiring an additional 183,570 shares during the quarter. TPG makes up 1.0% of Partners Group Holding AG's holdings, making the stock its 28th biggest position. Partners Group Holding AG owned approximately 0.14% of TPG worth $25,082,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total transaction of $101,150.72. Following the completion of the sale, the director owned 16,807 shares of the company's stock, valued at $946,570.24. This represents a 9.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 69.98% of the stock is owned by insiders.

TPG Price Performance

Shares of NASDAQ:TPG traded up $0.0680 during trading on Thursday, reaching $59.6780. The company had a trading volume of 295,900 shares, compared to its average volume of 1,712,027. The company has a fifty day moving average of $55.95 and a two-hundred day moving average of $52.19. The stock has a market capitalization of $22.55 billion, a P/E ratio of -314.38, a price-to-earnings-growth ratio of 1.27 and a beta of 1.56. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.24. TPG had a net margin of 1.60% and a return on equity of 25.79%. The company had revenue of $495.12 million during the quarter, compared to analysts' expectations of $470.57 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm's revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 18th. This is an increase from TPG's previous quarterly dividend of $0.41. TPG's dividend payout ratio is currently -1,242.11%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TPG shares. UBS Group decreased their target price on shares of TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on shares of TPG from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Wells Fargo & Company upped their target price on shares of TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. The Goldman Sachs Group upped their target price on shares of TPG from $61.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Wolfe Research started coverage on shares of TPG in a report on Friday, June 20th. They set an "outperform" rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $62.57.

TPG Company 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.