Quantbot Technologies LP Has $1.40 Million Stake in TPG Inc. $TPG

Quantbot Technologies LP reduced its holdings in TPG Inc. (NASDAQ:TPG) by 71.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in TPG during the 2nd quarter worth approximately $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 buying an additional 524 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of TPG by 252.7% in the third 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 period. Optiver Holding B.V. bought a new stake in shares of TPG during the third quarter worth $51,000. Finally, MAI Capital Management raised its holdings in shares of TPG by 572.3% during the second quarter. MAI Capital Management now owns 1,190 shares of the company’s stock worth $62,000 after acquiring an additional 1,013 shares during the period. Institutional investors own 94.03% of the company’s stock.

TPG Price Performance

NASDAQ:TPG opened at $44.96 on Friday. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $70.38. The company has a market cap of $17.27 billion, a P/E ratio of 102.18, a P/E/G ratio of 0.64 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s 50-day simple moving average is $56.73 and its 200 day simple moving average is $58.48.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share 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 firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue was up 35.6% compared to the same quarter last year. As a group, sell-side analysts forecast that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of TPG in a research note on Wednesday, January 14th. Citigroup raised TPG to an “outperform” rating in a research report on Monday, February 9th. Citizens Jmp upgraded TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Monday, February 9th. Barclays cut their target price on TPG from $69.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $80.00 price target on shares of TPG in a research report on Tuesday, January 6th. 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.80.

TPG Company 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.