Clear Harbor Asset Management LLC Raises Position in TPG Inc. $TPG

Clear Harbor Asset Management LLC boosted its holdings in shares of TPG Inc. (NASDAQ:TPG) by 84.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 142,372 shares of the company’s stock after buying an additional 65,387 shares during the period. Clear Harbor Asset Management LLC’s holdings in TPG were worth $8,179,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TPG. Darlington Partners Capital Management LP bought a new stake in shares of TPG during the 2nd quarter valued at about $258,581,000. Geode Capital Management LLC raised its stake in TPG by 30.8% in the second quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock valued at $185,136,000 after purchasing an additional 831,865 shares in the last quarter. Franklin Resources Inc. lifted its position in TPG by 3.8% during the second quarter. Franklin Resources Inc. now owns 2,247,049 shares of the company’s stock valued at $117,858,000 after purchasing an additional 81,956 shares during the last quarter. State Street Corp lifted its position in TPG by 33.1% during the second quarter. State Street Corp now owns 2,062,638 shares of the company’s stock valued at $108,185,000 after purchasing an additional 512,834 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in TPG by 1.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,870,616 shares of the company’s stock worth $98,114,000 after buying an additional 24,970 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

TPG Stock Performance

TPG stock opened at $66.96 on Friday. The firm has a fifty day simple moving average of $61.10 and a two-hundred day simple moving average of $59.08. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $70.38. The company has a market capitalization of $25.32 billion, a PE ratio of 744.00, a P/E/G ratio of 0.96 and a beta of 1.51.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). TPG had a net margin of 2.83% and a return on equity of 25.79%. The company had revenue of $509.40 million for the quarter, compared to the consensus estimate of $510.32 million. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a $0.45 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 2.7%. TPG’s payout ratio is presently 2,000.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of TPG in a research report on Wednesday. Zacks Research cut TPG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating and set a $80.00 price target on shares of TPG in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a research note on Monday, December 29th. Finally, TD Cowen increased their price objective on TPG from $58.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.25.

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.