Partners Group Holding AG Sells 57,579 Shares of TPG Inc. $TPG

Partners Group Holding AG cut its position in shares of TPG Inc. (NASDAQ:TPG) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,161 shares of the company’s stock after selling 57,579 shares during the period. TPG makes up about 1.8% of Partners Group Holding AG’s portfolio, making the stock its 22nd biggest holding. Partners Group Holding AG’s holdings in TPG were worth $27,015,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TPG. Darlington Partners Capital Management LP bought a new stake in shares of TPG in the 2nd quarter valued at approximately $258,581,000. Bank of America Corp DE increased its holdings in TPG by 72.7% during the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock worth $204,960,000 after purchasing an additional 1,501,808 shares during the period. Balyasny Asset Management L.P. purchased a new position in TPG during the 2nd quarter worth $54,088,000. Goldman Sachs Group Inc. increased its holdings in TPG by 4,109.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after purchasing an additional 557,438 shares during the period. Finally, First Trust Advisors LP increased its holdings in TPG by 262.0% during the 3rd quarter. First Trust Advisors LP now owns 747,913 shares of the company’s stock worth $42,968,000 after purchasing an additional 541,304 shares during the period. 94.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TPG has been the topic of a number of analyst reports. BMO Capital Markets cut their price target on TPG from $60.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TPG in a research report on Wednesday, March 4th. Morgan Stanley set a $60.00 price target on TPG in a research report on Tuesday, April 21st. Weiss Ratings cut TPG from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Citizens Jmp raised 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. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TPG currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

TPG Price Performance

Shares of TPG stock opened at $40.27 on Wednesday. The business has a 50 day simple moving average of $41.59 and a two-hundred day simple moving average of $52.19. TPG Inc. has a 12 month low of $36.95 and a 12 month high of $70.38. The stock has a market capitalization of $15.48 billion, a P/E ratio of 183.05, a PEG ratio of 0.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33.

TPG (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The business had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. As a group, analysts predict that TPG Inc. will post 2.86 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be given a $0.59 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.9%. TPG’s dividend payout ratio is 1,072.73%.

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.