Lighthouse Investment Partners LLC Makes New Investment in TPG Inc. (NASDAQ:TPG)

Lighthouse Investment Partners LLC acquired a new position in TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 188,611 shares of the company's stock, valued at approximately $11,852,000. Lighthouse Investment Partners LLC owned about 0.05% of TPG at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TPG. JPMorgan Chase & Co. raised its stake in shares of TPG by 2,515.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock valued at $104,296,000 after purchasing an additional 1,596,254 shares during the period. Gunderson Capital Management Inc. bought a new position in shares of TPG during the fourth quarter valued at about $1,815,000. Raymond James Financial Inc. bought a new position in shares of TPG during the fourth quarter valued at about $615,000. Highland Capital Management LLC grew its stake in shares of TPG by 21.2% during the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after buying an additional 8,967 shares during the last quarter. Finally, Keystone Investors PTE Ltd. bought a new position in shares of TPG during the fourth quarter valued at about $12,705,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

TPG Stock Performance

Shares of TPG stock traded up $0.62 during mid-day trading on Friday, reaching $51.91. 934,685 shares of the company's stock traded hands, compared to its average volume of 1,179,909. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. The firm has a 50 day moving average price of $47.05 and a two-hundred day moving average price of $58.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The firm has a market capitalization of $19.18 billion, a PE ratio of -117.98, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). TPG had a net margin of 0.67% and a return on equity of 24.66%. The business had revenue of $476.26 million for the quarter, compared to the consensus estimate of $459.75 million. During the same period in the previous year, the firm earned $0.49 EPS. The company's revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Monday, May 19th. TPG's dividend payout ratio (DPR) is -496.97%.

Insider Activity at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 69.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TPG has been the topic of several recent analyst reports. Bank of America cut their target price on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Morgan Stanley reiterated an "equal weight" rating and set a $47.00 target price (down from $80.00) on shares of TPG in a report on Monday, April 14th. Evercore ISI lifted their target price on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. The Goldman Sachs Group decreased their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company lifted their target price on shares of TPG from $52.00 to $56.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, TPG currently has an average rating of "Hold" and an average target price of $60.08.

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.