TPG Inc. $TPG Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in TPG Inc. (NASDAQ:TPG) by 106.3% during the fourth quarter, Holdings Channel reports. The firm owned 42,900 shares of the company’s stock after purchasing an additional 22,100 shares during the period. Handelsbanken Fonder AB’s holdings in TPG were worth $2,739,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of TPG in the 4th quarter valued at $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after acquiring an additional 524 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after acquiring an additional 566 shares during the period. Optiver Holding B.V. purchased a new position in shares of TPG in the 3rd quarter valued at $51,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of TPG by 54.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,084 shares of the company’s stock valued at $62,000 after acquiring an additional 382 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Citigroup raised shares of TPG to an “outperform” rating in a research note on Monday, February 9th. Citizens Jmp raised shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Monday, February 9th. UBS Group raised their target price on shares of TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of TPG in a research note on Wednesday, March 4th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

TPG Stock Performance

TPG stock opened at $41.62 on Friday. TPG Inc. has a 12-month low of $36.95 and a 12-month high of $70.38. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 189.19, a price-to-earnings-growth ratio of 0.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s fifty day moving average price is $41.56 and its 200 day moving average price is $51.92.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.09. TPG had a net margin of 3.81% and a return on equity of 28.13%. The firm had revenue of $557.18 million for the quarter, compared to the consensus estimate of $608.07 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts forecast that TPG Inc. will post 2.86 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 11th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.36 annualized dividend and a yield of 5.7%. TPG’s payout ratio is 1,072.73%.

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.