Infrastructure Capital Advisors LLC Invests $1.24 Million in TPG Inc. $TPG

Infrastructure Capital Advisors LLC purchased a new position in shares of TPG Inc. (NASDAQ:TPG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,447 shares of the company’s stock, valued at approximately $1,241,000.

Several other large investors have also modified their holdings of TPG. Darlington Partners Capital Management LP purchased a new stake in shares of TPG during the second quarter worth approximately $258,581,000. Norges Bank purchased a new stake in shares of TPG during the fourth quarter worth approximately $106,755,000. Bank of America Corp DE raised its stake in shares of TPG by 72.7% during the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock worth $204,960,000 after purchasing an additional 1,501,808 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of TPG during the second quarter worth approximately $54,088,000. Finally, Goldman Sachs Group Inc. raised its position in TPG by 4,109.1% in the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after acquiring an additional 557,438 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

NASDAQ TPG opened at $42.56 on Thursday. The firm has a market capitalization of $16.36 billion, a P/E ratio of 193.46, a P/E/G ratio of 0.80 and a beta of 1.44. TPG Inc. has a 1-year low of $36.95 and a 1-year high of $70.38. 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 business’s 50-day simple moving average is $42.46 and its 200-day simple moving average is $50.16.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. The business had revenue of $557.18 million for the quarter, compared to analyst estimates of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Equities analysts predict that TPG Inc. will post 2.86 EPS for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, May 11th. TPG’s dividend payout ratio is presently 1,072.73%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen upgraded TPG from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Evercore set a $47.00 price target on TPG in a research report on Tuesday, April 21st. UBS Group raised their price target on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Barclays lifted their price objective on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, TD Cowen dropped their price objective on TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

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.