TPG Inc. $TPG Holdings Lifted by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its position in shares of TPG Inc. (NASDAQ:TPG) by 41.3% in the third quarter, HoldingsChannel reports. The firm owned 37,630 shares of the company’s stock after acquiring an additional 11,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in TPG were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in TPG by 38.1% in the 2nd quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company’s stock worth $446,840,000 after buying an additional 3,041,560 shares during the period. Temasek Holdings Private Ltd raised its position in TPG by 14.1% during the 1st quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company’s stock worth $406,239,000 after buying an additional 1,236,526 shares during the last quarter. Vulcan Value Partners LLC raised its position in TPG by 18.9% during the 2nd quarter. Vulcan Value Partners LLC now owns 2,361,862 shares of the company’s stock worth $95,774,000 after buying an additional 375,836 shares during the last quarter. Jackson Brooke LLC acquired a new stake in TPG during the 2nd quarter valued at approximately $92,395,080. Finally, Junto Capital Management LP acquired a new stake in TPG during the 2nd quarter valued at approximately $82,794,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of NASDAQ TPG opened at $49.08 on Tuesday. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 56.41, a PEG ratio of 0.90 and a beta of 1.48. TPG Inc. has a 12 month low of $36.95 and a 12 month high of $70.38. The firm’s 50 day simple moving average is $46.40 and its 200-day simple moving average is $45.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.28 and a quick ratio of 0.31.

TPG (NASDAQ:TPG) last posted its earnings results on Thursday, October 29th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. TPG had a net margin of 5.32% and a return on equity of 29.05%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $624.66 million. During the same period in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 25.3% on a year-over-year basis. Analysts expect that TPG Inc. will post 2.77 EPS for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 9th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.5%. This is a decrease from TPG’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, November 9th. TPG’s payout ratio is currently 271.26%.

Wall Street Analysts Forecast Growth

TPG has been the topic of several recent research reports. Evercore set a $52.00 price objective on shares of TPG in a report on Friday, October 30th. Barclays raised their target price on shares of TPG from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $62.00 target price on shares of TPG in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods upped their price target on shares of TPG from $53.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada increased their price target on TPG from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

TPG Company Profile