TPG Inc. (NASDAQ:TPG) Shares Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP boosted its position in shares of TPG Inc. (NASDAQ:TPG) by 65.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,435 shares of the company’s stock after purchasing an additional 20,026 shares during the quarter. Cinctive Capital Management LP’s holdings in TPG were worth $2,903,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TPG. International Assets Investment Management LLC acquired a new stake in TPG in the 2nd quarter valued at about $25,000. Signaturefd LLC lifted its holdings in shares of TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after purchasing an additional 188 shares in the last quarter. Covestor Ltd lifted its holdings in shares of TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after purchasing an additional 1,715 shares in the last quarter. KBC Group NV grew its position in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the last quarter. Finally, Shoker Investment Counsel Inc. purchased a new position in shares of TPG during the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 86.79% of the company’s stock.

TPG Stock Performance

Shares of TPG stock opened at $68.93 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $64.53 and its 200 day moving average price is $52.52. TPG Inc. has a twelve month low of $35.17 and a twelve month high of $72.98.

TPG (NASDAQ:TPG) last issued its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business 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 quarter in the previous year, the business earned $0.56 EPS. As a group, equities analysts expect that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, November 14th. TPG’s payout ratio is currently -447.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TPG. BMO Capital Markets increased their target price on TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. The Goldman Sachs Group boosted their price objective on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley raised their target price on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. TD Cowen cut their price target on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $58.83.

TPG 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.