Dockside LLC Buys Shares of 70,694 TPG Inc. $TPG

Dockside LLC bought a new stake in TPG Inc. (NASDAQ:TPG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 70,694 shares of the company’s stock, valued at approximately $4,513,000. TPG makes up approximately 1.2% of Dockside LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPG. Comerica Bank grew its stake in TPG by 43.1% in the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after purchasing an additional 465 shares in the last quarter. Royal Bank of Canada grew its stake in TPG by 86.3% in the first quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock valued at $375,000 after purchasing an additional 3,659 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in TPG by 4,109.1% in the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after purchasing an additional 557,438 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in TPG by 156.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock valued at $22,941,000 after purchasing an additional 294,941 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of TPG during the 2nd quarter worth about $216,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

NASDAQ TPG opened at $43.01 on Friday. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $16.53 billion, a PE ratio of 195.51, a P/E/G ratio of 0.77 and a beta of 1.44. The stock has a 50-day simple moving average of $42.15 and a 200 day simple moving average of $50.50.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $608.07 million. During the same quarter in the previous year, the firm earned $0.48 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. Research analysts anticipate that TPG Inc. will post 2.86 EPS for the current year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s payout ratio is currently 1,072.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TPG shares. Wall Street Zen upgraded TPG from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Evercore set a $47.00 price target on TPG in a research note on Tuesday, April 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $61.00 price target on shares of TPG in a research note on Tuesday, May 5th. TD Cowen decreased their price target on TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Morgan Stanley set a $60.00 price target on TPG in a research note on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TPG currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

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.