Tudor Investment Corp ET AL Acquires New Shares in TPG Inc. $TPG

Key Points

• Tudor Investment Corp bought a new stake of 56,063 shares in TPG during the third quarter, valued at about $3.22 million, while institutional investors collectively own roughly 94.03% of the company.
• TPG topped expectations in its latest quarter with $0.85 EPS vs $0.65 expected and revenue of $1.49 billion (up 35.6% year-over-year), signaling strong top-line growth.
• TPG raised its quarterly dividend to $0.61 (annualized $2.44, ~6.1% yield), but the dividend payout ratio is an unusually high 554.55%, raising questions about sustainability.

Tudor Investment Corp ET AL purchased a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 56,063 shares of the company's stock, valued at approximately $3,221,000.

Other hedge funds also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of TPG by 19.5% in the third quarter. CWM LLC now owns 1,227 shares of the company's stock worth $70,000 after purchasing an additional 200 shares during the period. Osaic Holdings Inc. raised its stake in TPG by 12.1% in the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company's stock valued at $114,000 after purchasing an additional 234 shares in the last quarter. Lazard Asset Management LLC lifted its position in TPG by 3.1% during the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company's stock valued at $410,000 after purchasing an additional 238 shares during the last quarter. Strategic Wealth Partners Ltd. raised its position in shares of TPG by 2.5% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company's stock valued at $589,000 after buying an additional 253 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TPG by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company's stock worth $57,000 after acquiring an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Royal Bank Of Canada restated an "outperform" rating on shares of TPG in a research report on Wednesday, March 4th. The Goldman Sachs Group restated a "buy" rating and set a $80.00 target price on shares of TPG in a report on Tuesday, January 6th. Wolfe Research restated an "outperform" rating and issued a $80.00 target price on shares of TPG in a report on Wednesday, January 7th. Weiss Ratings restated a "hold (c)" rating on shares of TPG in a research report on Monday, December 29th. Finally, BMO Capital Markets cut their target price on TPG from $60.00 to $48.00 and set an "outperform" rating on the stock in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, TPG has an average rating of "Moderate Buy" and an average price target of $65.67.

TPG Stock Down 1.0%

TPG stock opened at $40.28 on Friday. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 91.55, a price-to-earnings-growth ratio of 0.59 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The business's 50 day moving average price is $49.18 and its two-hundred day moving average price is $56.46. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $70.38.

TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.20. The firm 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 company's quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS. As a group, analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.61 per share. The ex-dividend date was Thursday, February 19th. This represents a $2.44 dividend on an annualized basis and a yield of 6.1%. This is an increase from TPG's previous quarterly dividend of $0.45. TPG's dividend payout ratio (DPR) is 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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