Next Capital Management LLC Acquires Shares of 25,978 TPG Inc. $TPG

Next Capital Management LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 25,978 shares of the company’s stock, valued at approximately $1,052,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in shares of TPG in the fourth quarter valued at approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after buying an additional 524 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in TPG by 2,496.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after buying an additional 649 shares during the last quarter. PNC Financial Services Group Inc. grew its position in TPG by 252.7% in the 3rd 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 last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in TPG in the 4th quarter valued at $70,000. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

TPG Trading Down 1.0%

Shares of TPG opened at $43.74 on Friday. 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 firm’s 50-day moving average is $41.97 and its two-hundred day moving average is $46.82. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The firm has a market capitalization of $16.81 billion, a P/E ratio of 198.83, a PEG ratio of 0.80 and a beta of 1.45.

TPG (NASDAQ:TPG) last issued its 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. TPG had a net margin of 3.81% and a return on equity of 28.13%. The company had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts predict that TPG Inc. will post 2.85 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s dividend payout ratio (DPR) is presently 1,072.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen cut their price objective on shares of TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. BMO Capital Markets lowered their target price on shares of TPG from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Morgan Stanley set a $60.00 price target on shares of TPG in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a “buy” rating and set a $61.00 price target on shares of TPG in a report on Tuesday, May 5th. Finally, Citigroup restated an “outperform” rating on shares of TPG in a research report on Thursday, July 9th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, TPG currently has an average rating of “Moderate Buy” and a consensus price target of $61.40.

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.