Balyasny Asset Management L.P. Has $59.18 Million Holdings in TPG Inc. (NASDAQ:TPG)

Balyasny Asset Management L.P. boosted its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 179.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 941,823 shares of the company's stock after acquiring an additional 604,434 shares during the period. Balyasny Asset Management L.P. owned 0.26% of TPG worth $59,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TPG. Baker Avenue Asset Management LP bought a new position in shares of TPG during the fourth quarter worth approximately $220,000. BNP Paribas Financial Markets bought a new position in TPG during the 4th quarter worth $20,549,000. Ameriprise Financial Inc. acquired a new stake in shares of TPG during the fourth quarter worth $236,000. Alyeska Investment Group L.P. bought a new stake in shares of TPG in the fourth quarter valued at about $13,214,000. Finally, AXA S.A. acquired a new position in shares of TPG in the fourth quarter valued at about $466,000. Institutional investors and hedge funds own 94.03% of the company's stock.

Insider Transactions at TPG

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 shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 76.48% of the stock is owned by company insiders.

TPG Price Performance

Shares of NASDAQ TPG traded up $0.77 during mid-day trading on Friday, hitting $49.53. 2,921,754 shares of the stock traded hands, compared to its average volume of 1,158,674. The company has a market cap of $18.30 billion, a PE ratio of -112.57, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The firm has a 50 day simple moving average of $46.70 and a two-hundred day simple moving average of $58.64.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The firm had revenue of $476.26 million for 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%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, equities research analysts forecast that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders 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 dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, May 19th. TPG's payout ratio is currently -481.82%.

Analysts Set New Price Targets

A number of equities analysts have commented on TPG shares. Bank of America lowered their price objective on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Evercore ISI upped their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. TD Cowen decreased their target price on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Citigroup dropped their target price 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. Finally, JMP Securities reiterated a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.