423,584 Shares in TPG Inc. $TPG Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management purchased a new stake in TPG Inc. (NASDAQ:TPG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 423,584 shares of the company’s stock, valued at approximately $24,334,000. Picton Mahoney Asset Management owned approximately 0.11% of TPG as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its position in shares of TPG by 19.5% during the third quarter. CWM LLC now owns 1,227 shares of the company’s stock valued at $70,000 after purchasing an additional 200 shares during the period. Osaic Holdings Inc. increased its holdings in TPG by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock valued at $114,000 after buying an additional 234 shares during the period. Lazard Asset Management LLC raised its stake in shares of TPG by 3.1% in the 2nd quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after buying an additional 238 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of TPG by 2.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 15,244 shares of the company’s stock worth $876,000 after acquiring an additional 337 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of TPG by 54.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,084 shares of the company’s stock worth $62,000 after acquiring an additional 382 shares during the period. Institutional investors own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

TPG has been the subject of several recent research reports. TD Cowen reissued a “hold” rating on shares of TPG in a research report on Wednesday, January 14th. Wolfe Research reissued an “outperform” rating and issued a $80.00 target price on shares of TPG in a report on Wednesday, January 7th. Citigroup raised TPG to an “outperform” rating in a research note on Monday, February 9th. Morgan Stanley set a $67.00 price target on TPG in a research report on Tuesday, January 27th. Finally, Barclays cut their price objective on TPG from $69.00 to $56.00 and set an “overweight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.80.

TPG Trading Up 0.3%

TPG stock opened at $44.36 on Wednesday. The business has a fifty day moving average price of $57.53 and a 200 day moving average price of $58.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $70.38. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 100.82, a P/E/G ratio of 0.62 and a beta of 1.55.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.20. TPG had a return on equity of 26.02% and a net margin of 3.95%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $548.40 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 35.6% on a year-over-year basis. Analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. This is an increase from TPG’s previous quarterly dividend of $0.45. TPG’s payout ratio is currently 554.55%.

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.