Hsbc Holdings PLC Raises Stock Position in TPG Inc. $TPG

Hsbc Holdings PLC boosted its stake in shares of TPG Inc. (NASDAQ:TPG) by 446.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 160,505 shares of the company’s stock after acquiring an additional 131,112 shares during the period. Hsbc Holdings PLC’s holdings in TPG were worth $6,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TPG. Osaic Holdings Inc. increased its stake in shares of TPG by 12.1% during the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after purchasing an additional 234 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of TPG by 3.1% during the 2nd 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 last quarter. Strategic Wealth Partners Ltd. lifted its stake in TPG by 2.5% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock valued at $589,000 after buying an additional 253 shares in the last quarter. CWM LLC boosted its holdings in TPG by 22.2% in the 4th quarter. CWM LLC now owns 1,500 shares of the company’s stock worth $96,000 after buying an additional 273 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TPG by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock worth $57,000 after buying an additional 273 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Price Performance

TPG stock opened at $42.03 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38. The firm has a market cap of $16.15 billion, a PE ratio of 191.05, a price-to-earnings-growth ratio of 0.78 and a beta of 1.45. The company’s 50 day moving average is $41.90 and its two-hundred day moving average is $46.08.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts expect that TPG Inc. will post 2.83 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s payout ratio is presently 1,072.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TPG shares. Barclays increased their target price on TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Evercore set a $47.00 price target on TPG in a research note on Tuesday, April 21st. TD Cowen dropped their price target on TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Weiss Ratings raised TPG from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Finally, Keefe, Bruyette & Woods upgraded TPG to a “moderate buy” rating in a report on Monday. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

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.