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

Key Points

• Tudor Investment Corp bought a new stake of 56,063 shares in TPG in Q3 valued at about $3.22 million, and other large institutions (notably Darlington Partners and Bank of America) also significantly increased positions, leaving institutional ownership at 94.03%.
• Analysts give TPG a consensus rating of "Moderate Buy" with a consensus price target of $64, although several firms (including Goldman Sachs and BMO) have recently lowered their price targets.
• TPG beat quarterly estimates with EPS $0.85 (vs. $0.65 expected) and revenue $1.49B, and raised its quarterly dividend to $0.61 (annualized $2.44, ~6.4% yield).

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

Several other large investors have also recently bought and sold shares of TPG. Darlington Partners Capital Management LP acquired a new position in TPG during the 2nd quarter valued at $258,581,000. Bank of America Corp DE raised its stake in TPG by 72.7% during the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company's stock valued at $204,960,000 after purchasing an additional 1,501,808 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in TPG during the 2nd quarter valued at $54,088,000. Goldman Sachs Group Inc. raised its stake in TPG by 4,109.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company's stock valued at $27,083,000 after purchasing an additional 557,438 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in TPG by 262.0% during the 3rd quarter. First Trust Advisors LP now owns 747,913 shares of the company's stock valued at $42,968,000 after purchasing an additional 541,304 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TPG. The Goldman Sachs Group dropped their price objective on shares of TPG from $80.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday. Evercore set a $56.00 price objective on shares of TPG in a research note on Friday, February 6th. Citigroup upgraded shares of TPG to an "outperform" rating in a research note on Monday, February 9th. TD Cowen restated a "hold" rating on shares of TPG in a research note on Thursday. Finally, BMO Capital Markets dropped their price objective on shares of TPG from $60.00 to $48.00 and set an "outperform" rating for the company in a research note on Tuesday, March 24th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

TPG Trading Down 1.3%

Shares of TPG stock opened at $38.29 on Friday. The stock has a market capitalization of $14.71 billion, a P/E ratio of 87.02, a price-to-earnings-growth ratio of 0.63 and a beta of 1.54. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The company has a 50-day simple moving average of $44.03 and a 200 day simple moving average of $54.70. TPG Inc. has a 12-month low of $36.95 and a 12-month high of $70.38.

TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.20. The business had revenue of $1.49 billion during 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 firm's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Research analysts expect 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. Investors of record on Thursday, February 19th were given a dividend of $0.61 per share. This is an increase from TPG's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 19th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.4%. TPG's dividend payout ratio is 554.55%.

About TPG

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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