28,883 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. acquired a new position in shares of TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 28,883 shares of the company’s stock, valued at approximately $1,815,000. TPG makes up approximately 0.9% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 29th largest holding.

Several other large investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in shares of TPG during the fourth quarter worth approximately $33,000. Signaturefd LLC grew its holdings in shares of TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after acquiring an additional 188 shares in the last quarter. Covestor Ltd increased its stake in shares of TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after acquiring an additional 1,715 shares during the last quarter. KBC Group NV raised its holdings in shares of TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares in the last quarter. Finally, Quarry LP boosted its position in TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Performance

NASDAQ TPG opened at $61.88 on Tuesday. The company’s fifty day moving average is $66.57 and its two-hundred day moving average is $57.76. TPG Inc. has a 52-week low of $38.20 and a 52-week high of $72.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $22.58 billion, a price-to-earnings ratio of -181.99, a P/E/G ratio of 1.11 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period last year, the business earned $0.56 earnings per share. Equities research analysts forecast that TPG Inc. will post 1.95 EPS for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.46%. TPG’s dividend payout ratio (DPR) is currently -447.06%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. BMO Capital Markets lifted their target price on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Wells Fargo & Company increased their price target on shares of TPG from $68.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley boosted their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, TPG has an average rating of “Hold” and a consensus price target of $63.00.

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.