Prana Capital Management LP Makes New Investment in TPG Inc. (NASDAQ:TPG)

Prana Capital Management LP bought a new stake in TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,610 shares of the company's stock, valued at approximately $1,295,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company's stock valued at $34,652,000 after purchasing an additional 597,972 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in TPG by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,449 shares of the company's stock valued at $3,652,000 after purchasing an additional 17,709 shares during the period. Wedmont Private Capital bought a new position in TPG during the 4th quarter worth $204,000. Ritholtz Wealth Management boosted its position in shares of TPG by 21.6% in the fourth quarter. Ritholtz Wealth Management now owns 4,695 shares of the company's stock valued at $295,000 after acquiring an additional 833 shares during the period. Finally, Border to Coast Pensions Partnership Ltd grew its stake in shares of TPG by 73.3% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 130,000 shares of the company's stock valued at $8,164,000 after acquiring an additional 55,000 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value 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. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 69.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TPG has been the subject of a number of analyst reports. TD Cowen dropped their price target on shares of TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Bank of America cut their target price on TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company raised their target price on TPG from $52.00 to $56.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Evercore ISI lifted their target price on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, TPG has an average rating of "Hold" and a consensus target price of $60.08.

TPG Trading Up 0.2%

NASDAQ:TPG opened at $52.93 on Thursday. 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 cap of $19.56 billion, a P/E ratio of -120.30, a P/E/G ratio of 0.80 and a beta of 1.58. The firm's fifty day moving average is $46.89 and its 200-day moving average is $58.33. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98.

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

TPG Cuts Dividend

The business 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 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Monday, May 19th. TPG's dividend payout ratio is presently -496.97%.

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.

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