Infrastructure Capital Advisors LLC Makes New Investment in TPG Inc. $TPG

Infrastructure Capital Advisors LLC purchased a new position in shares of TPG Inc. (NASDAQ:TPG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,447 shares of the company’s stock, valued at approximately $1,241,000.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in TPG during the 4th quarter worth $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after acquiring an additional 524 shares during the period. EverSource Wealth Advisors LLC boosted its position in TPG by 2,496.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after acquiring an additional 649 shares during the period. PNC Financial Services Group Inc. lifted 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. Finally, Optiver Holding B.V. acquired a new stake in shares of TPG in the third quarter valued at $51,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings lowered TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on TPG in a research report on Monday, May 4th. Morgan Stanley set a $60.00 price target on TPG in a research note on Tuesday, April 21st. UBS Group raised their price target on TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of TPG in a research note on Wednesday, March 4th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

TPG Price Performance

Shares of NASDAQ:TPG opened at $42.56 on Thursday. The business has a 50 day moving average price of $42.46 and a 200 day moving average price of $50.16. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 193.46, a PEG ratio of 0.80 and a beta of 1.44. 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 (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The firm had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts predict that TPG Inc. will post 2.86 earnings per share for the current year.

TPG Cuts Dividend

The firm 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. The ex-dividend date was Monday, May 11th. This represents a $2.36 annualized dividend and a yield of 5.5%. TPG’s dividend payout ratio is presently 1,072.73%.

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.