Entropy Technologies LP Boosts Position in TPG Inc. (NASDAQ:TPG)

Entropy Technologies LP increased its holdings in TPG Inc. (NASDAQ:TPG) by 112.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,852 shares of the company’s stock after acquiring an additional 11,546 shares during the quarter. Entropy Technologies LP’s holdings in TPG were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TPG. Norges Bank purchased a new position in shares of TPG in the 4th quarter valued at approximately $52,189,000. Massachusetts Financial Services Co. MA lifted its stake in shares of TPG by 18.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock valued at $127,634,000 after purchasing an additional 462,355 shares during the period. Vanguard Group Inc. lifted its stake in shares of TPG by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock valued at $261,199,000 after purchasing an additional 320,972 shares during the period. Grafton Street Partners Fund LP purchased a new position in shares of TPG in the 4th quarter valued at approximately $11,479,000. Finally, Putnam Investments LLC lifted its stake in shares of TPG by 8.6% in the 4th quarter. Putnam Investments LLC now owns 2,362,082 shares of the company’s stock valued at $101,971,000 after purchasing an additional 187,183 shares during the period. Institutional investors own 86.79% of the company’s stock.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the completion of the sale, the director now directly owns 17,536 shares of the company’s stock, valued at $816,300.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 76.48% of the company’s stock.

TPG Stock Performance

Shares of TPG traded down $0.84 during mid-day trading on Wednesday, hitting $46.91. 1,077,554 shares of the company traded hands, compared to its average volume of 809,636. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of -335.07, a P/E/G ratio of 0.80 and a beta of 1.52. The stock has a 50-day moving average price of $42.10 and a two-hundred day moving average price of $42.79. TPG Inc. has a 1 year low of $26.03 and a 1 year high of $47.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG) last announced its earnings results on Wednesday, May 8th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $512.30 million during the quarter, compared to analyst estimates of $452.87 million. TPG had a net margin of 2.74% and a return on equity of 21.16%. The company’s quarterly revenue was up 64.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. Equities analysts anticipate that TPG Inc. will post 2 earnings per share for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.64 annualized dividend and a yield of 3.50%. TPG’s payout ratio is -1,171.43%.

Wall Street Analysts Forecast Growth

TPG has been the subject of a number of research analyst reports. UBS Group raised their target price on TPG from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Jefferies Financial Group lowered their target price on TPG from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Tuesday, April 9th. The Goldman Sachs Group reissued a “buy” rating on shares of TPG in a report on Monday, April 1st. Finally, Morgan Stanley upgraded TPG from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $43.00 to $52.00 in a report on Friday, May 10th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.83.

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.