Border to Coast Pensions Partnership Ltd Acquires 185,000 Shares of TPG Inc. (NASDAQ:TPG)

Border to Coast Pensions Partnership Ltd increased its position in TPG Inc. (NASDAQ:TPG - Free Report) by 142.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315,000 shares of the company's stock after buying an additional 185,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned about 0.09% of TPG worth $14,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Treasurer of the State of North Carolina grew its position in shares of TPG by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company's stock worth $2,322,000 after acquiring an additional 230 shares in the last quarter. Shoker Investment Counsel Inc. raised its stake in TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock worth $244,000 after acquiring an additional 366 shares during the period. Comerica Bank lifted its holdings in TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after acquiring an additional 450 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in TPG by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company's stock worth $504,000 after acquiring an additional 498 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in TPG by 7.0% in the first quarter. QRG Capital Management Inc. now owns 8,010 shares of the company's stock valued at $380,000 after acquiring an additional 521 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TPG has been the subject of several recent research reports. Citigroup lowered their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reduced their price objective on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. TD Cowen lowered their target price on TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reissued an "equal weight" rating and issued a $47.00 price target (down previously from $80.00) on shares of TPG in a research note on Monday, April 14th. Finally, Bank of America decreased their target price on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $60.23.

Insider Buying and Selling at TPG

In other TPG news, major shareholder Samantha Holloway sold 21,000,000 shares of the company'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 value of $977,970,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 76.48% of the company's stock.

TPG Trading Down 1.2%

Shares of TPG stock traded down $0.64 on Monday, hitting $52.45. 1,522,732 shares of the company's stock traded hands, compared to its average volume of 1,333,218. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $19.38 billion, a price-to-earnings ratio of -158.94, a price-to-earnings-growth ratio of 1.12 and a beta of 1.55. The company has a fifty day moving average of $48.91 and a two-hundred day moving average of $54.12. TPG Inc. has a one year low of $37.52 and a one year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a net margin of 0.90% and a return on equity of 24.47%. The firm had revenue of $476.26 million during the quarter, compared to analysts' expectations of $459.75 million. During the same quarter last year, the business posted $0.49 EPS. The company's quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.41 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.64 annualized dividend and a yield of 3.13%. TPG's payout ratio is -496.97%.

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.