88,002 Shares in TPG Inc. $TPG Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 88,002 shares of the company’s stock, valued at approximately $5,056,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of TPG by 0.5% during the third quarter. Vanguard Group Inc. now owns 12,386,633 shares of the company’s stock worth $711,612,000 after acquiring an additional 56,490 shares during the last quarter. Capital International Investors increased its position in TPG by 3.5% in the third quarter. Capital International Investors now owns 11,682,464 shares of the company’s stock worth $671,158,000 after purchasing an additional 392,336 shares during the period. Darlington Partners Capital Management LP bought a new stake in TPG during the 2nd quarter worth about $258,581,000. Bank of America Corp DE lifted its position in TPG by 72.7% during the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after purchasing an additional 1,501,808 shares during the period. Finally, Geode Capital Management LLC lifted its position in TPG by 30.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock valued at $185,136,000 after purchasing an additional 831,865 shares during the period. 94.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TPG has been the subject of several analyst reports. Morgan Stanley set a $67.00 price target on shares of TPG in a research report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TPG in a research note on Wednesday, March 4th. Citigroup raised shares of TPG to an “outperform” rating in a report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price target on shares of TPG in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, TPG currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.80.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $39.50 on Tuesday. The firm’s 50 day simple moving average is $53.37 and its 200 day simple moving average is $57.48. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $70.38. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 89.77, a P/E/G ratio of 0.59 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. TPG had a net margin of 3.95% and a return on equity of 26.02%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $548.40 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. As a group, sell-side analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were issued a $0.61 dividend. This is a positive change from TPG’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.44 annualized dividend and a dividend yield of 6.2%. TPG’s dividend payout ratio (DPR) is presently 554.55%.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.