Quantbot Technologies LP Has $1.40 Million Stock Position in TPG Inc. $TPG

Quantbot Technologies LP lessened its holdings in shares of TPG Inc. (NASDAQ:TPG) by 71.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 24,295 shares of the company’s stock after selling 62,111 shares during the quarter. Quantbot Technologies LP’s holdings in TPG were worth $1,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of TPG during the 2nd quarter worth approximately $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TPG by 268.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 524 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after buying an additional 566 shares during the last quarter. Optiver Holding B.V. bought a new position in TPG in the 3rd quarter valued at about $51,000. Finally, MAI Capital Management raised its holdings in TPG by 572.3% in the 2nd quarter. MAI Capital Management now owns 1,190 shares of the company’s stock valued at $62,000 after acquiring an additional 1,013 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Performance

TPG opened at $44.96 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $70.38. The firm has a market cap of $17.27 billion, a P/E ratio of 102.18, a price-to-earnings-growth ratio of 0.64 and a beta of 1.55. The business’s fifty day moving average is $56.73 and its 200-day moving average is $58.48.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.85 EPS for the quarter, beating 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 business 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 firm earned $0.62 earnings per share. TPG’s revenue for the quarter was up 35.6% compared to the same quarter last year. Sell-side analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.4%. This is a positive change from TPG’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 19th. TPG’s payout ratio is 554.55%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TPG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Citigroup raised TPG to an “outperform” rating in a report on Monday, February 9th. UBS Group lowered their price objective on TPG from $83.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. TD Cowen reissued a “hold” rating on shares of TPG in a research report on Wednesday, January 14th. Finally, Morgan Stanley set a $67.00 price target on shares of TPG in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TPG 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.