Partners Group Holding AG Sells 57,579 Shares of TPG Inc. $TPG

Partners Group Holding AG decreased its position in shares of TPG Inc. (NASDAQ:TPG) by 12.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 423,161 shares of the company’s stock after selling 57,579 shares during the quarter. TPG makes up 1.8% of Partners Group Holding AG’s investment portfolio, making the stock its 22nd largest position. Partners Group Holding AG owned approximately 0.11% of TPG worth $27,015,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of TPG during the 4th quarter worth $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 in the last quarter. PNC Financial Services Group Inc. grew its position in TPG by 252.7% during the third 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 last quarter. Optiver Holding B.V. bought a new position in TPG during the third quarter valued at approximately $51,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in TPG by 54.4% during the third 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 last quarter. Institutional investors own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

TPG has been the topic of several recent analyst reports. Barclays raised their target price on shares of TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $61.00 target price on shares of TPG in a research report on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TPG in a report on Wednesday, March 4th. Morgan Stanley set a $60.00 price objective on TPG in a report on Tuesday, April 21st. Finally, TD Cowen dropped their target price on TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a report on Monday. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, TPG presently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

TPG Stock Performance

Shares of TPG opened at $40.27 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. The business has a 50-day simple moving average of $41.59 and a two-hundred day simple moving average of $52.19. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 183.05, a PEG ratio of 0.74 and a beta of 1.47. TPG Inc. has a 52 week low of $36.95 and a 52 week high of $70.38.

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

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.9%. TPG’s dividend payout ratio is 1,072.73%.

TPG 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.