Border to Coast Pensions Partnership Ltd Raises Stock Holdings in TPG Inc. $TPG

Border to Coast Pensions Partnership Ltd boosted its holdings in TPG Inc. (NASDAQ:TPG) by 36.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410,000 shares of the company’s stock after purchasing an additional 110,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in TPG were worth $16,660,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in TPG by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after purchasing an additional 234 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of TPG by 3.1% during the 2nd quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after buying an additional 238 shares during the last quarter. Strategic Wealth Partners Ltd. grew its position in shares of TPG by 2.5% during the third quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock worth $589,000 after buying an additional 253 shares in the last quarter. CWM LLC grew its position in shares of TPG by 22.2% during the fourth quarter. CWM LLC now owns 1,500 shares of the company’s stock worth $96,000 after buying an additional 273 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TPG by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock worth $57,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Price Performance

Shares of NASDAQ TPG opened at $39.69 on Friday. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 180.42, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The business has a 50 day simple moving average of $42.55 and a 200-day simple moving average of $49.28.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) 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 business had revenue of $557.18 million for the quarter, compared to analyst estimates of $608.07 million. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect 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. 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 annualized dividend and a yield of 5.9%. TPG’s payout ratio is presently 1,072.73%.

Analysts Set New Price Targets

Several analysts recently issued reports on TPG shares. UBS Group upped their price target on shares of TPG from $54.00 to $59.00 and gave the company a “buy” rating in a report on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and set a $61.00 price objective on shares of TPG in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Barclays upped their target price on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Morgan Stanley set a $60.00 price target on shares of TPG in a research report on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.75.

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.