Cinctive Capital Management LP Purchases 43,336 Shares of TPG Inc. $TPG

Cinctive Capital Management LP grew its position in TPG Inc. (NASDAQ:TPG) by 79.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 97,796 shares of the company’s stock after acquiring an additional 43,336 shares during the period. Cinctive Capital Management LP’s holdings in TPG were worth $6,243,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TPG. Darlington Partners Capital Management LP bought a new position in shares of TPG in the 2nd quarter valued at $258,581,000. Norges Bank bought a new position in shares of TPG in the 4th quarter valued at $106,755,000. Bank of America Corp DE lifted its stake in shares of TPG by 72.7% in the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after acquiring an additional 1,501,808 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of TPG in the 2nd quarter valued at $54,088,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of TPG by 4,109.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after acquiring an additional 557,438 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. TD Cowen lowered their target price on TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Morgan Stanley set a $60.00 target price on TPG in a research report on Tuesday, April 21st. BMO Capital Markets lowered their target price on TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Wall Street Zen raised TPG from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Evercore set a $47.00 target price on TPG in a research report on Tuesday, April 21st. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TPG currently has an average rating of “Moderate Buy” and an average target price of $61.75.

TPG Price Performance

TPG stock opened at $42.56 on Thursday. The company has a market capitalization of $16.36 billion, a P/E ratio of 193.46, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38. The business has a 50-day simple moving average of $42.46 and a two-hundred day simple moving average of $50.16.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. Research analysts expect 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 was paid on Tuesday, May 26th. Shareholders 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 dividend on an annualized basis and a yield of 5.5%. TPG’s payout ratio is 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.