Lighthouse Investment Partners LLC Invests $5.06 Million in TPG Inc. $TPG

Lighthouse Investment Partners LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 88,002 shares of the company’s stock, valued at approximately $5,056,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC lifted its position in TPG by 19.5% during the 3rd quarter. CWM LLC now owns 1,227 shares of the company’s stock worth $70,000 after acquiring an additional 200 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of TPG by 12.1% in the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock valued at $114,000 after purchasing an additional 234 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of TPG by 3.1% in the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock worth $410,000 after purchasing an additional 238 shares during the period. Capital International Inc. CA increased its stake in shares of TPG by 2.8% in the third quarter. Capital International Inc. CA now owns 10,992 shares of the company’s stock worth $631,000 after purchasing an additional 303 shares during the period. Finally, Apollon Wealth Management LLC lifted its position 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 purchasing an additional 337 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Price Performance

NASDAQ:TPG opened at $39.50 on Tuesday. The firm has a market cap of $15.17 billion, a PE ratio of 89.77, a price-to-earnings-growth ratio of 0.59 and a beta of 1.55. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $70.38. The company’s 50-day moving average price is $53.37 and its two-hundred day moving average price is $57.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

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

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a $0.61 dividend. This is a boost from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, February 19th. TPG’s payout ratio is presently 554.55%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TPG. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of TPG in a report on Wednesday, January 7th. Morgan Stanley set a $67.00 price target on TPG in a report on Tuesday, January 27th. Evercore set a $56.00 price objective on TPG in a research report on Friday, February 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TPG in a research report on Wednesday, March 4th. Finally, Citizens Jmp upgraded shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, TPG currently has an average rating of “Moderate Buy” and an average target price of $66.80.

About TPG

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.