Point72 Europe London LLP Has $15.83 Million Stake in TPG Inc. (NASDAQ:TPG)

Point72 Europe London LLP increased its position in TPG Inc. (NASDAQ:TPG) by 16.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 274,935 shares of the company’s stock after buying an additional 39,550 shares during the period. TPG accounts for 1.0% of Point72 Europe London LLP’s portfolio, making the stock its 22nd largest holding. Point72 Europe London LLP owned 0.08% of TPG worth $15,825,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TPG. Price T Rowe Associates Inc. MD increased its holdings in TPG by 22.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,209 shares of the company’s stock worth $1,396,000 after buying an additional 5,773 shares during the last quarter. California State Teachers Retirement System grew its holdings in TPG by 32.5% during the first quarter. California State Teachers Retirement System now owns 78,113 shares of the company’s stock valued at $3,492,000 after purchasing an additional 19,175 shares during the last quarter. Renaissance Capital LLC grew its holdings in TPG by 60.2% during the second quarter. Renaissance Capital LLC now owns 75,487 shares of the company’s stock valued at $3,129,000 after purchasing an additional 28,366 shares during the last quarter. SG Americas Securities LLC grew its holdings in TPG by 58.6% during the second quarter. SG Americas Securities LLC now owns 8,731 shares of the company’s stock valued at $362,000 after purchasing an additional 3,226 shares during the last quarter. Finally, Summit Global Investments acquired a new position in TPG during the second quarter valued at approximately $2,982,000. Institutional investors and hedge funds own 86.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TPG. Deutsche Bank Aktiengesellschaft increased their price target on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company increased their price target on TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their price target on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley increased their price target on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their price objective on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $58.83.

TPG Stock Up 0.2 %

Shares of TPG stock opened at $69.96 on Friday. The stock has a market cap of $25.53 billion, a P/E ratio of -205.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. TPG Inc. has a one year low of $34.50 and a one year high of $72.98. The stock has a fifty day moving average price of $64.30 and a 200 day moving average price of $52.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last issued its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $855.40 million during the quarter, compared to analysts’ expectations 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. Analysts predict that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. TPG’s payout ratio is presently -447.06%.

TPG Company 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.