Boothbay Fund Management LLC Reduces Stock Position in TPG Inc. $TPG

Boothbay Fund Management LLC cut its position in TPG Inc. (NASDAQ:TPG) by 25.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,941 shares of the company’s stock after selling 19,321 shares during the period. Boothbay Fund Management LLC’s holdings in TPG were worth $3,271,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TPG by 268.7% in the second 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. PNC Financial Services Group Inc. increased its stake in shares of TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after acquiring an additional 566 shares during the period. Optiver Holding B.V. purchased a new position in shares of TPG during the third quarter worth $51,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of TPG by 54.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,084 shares of the company’s stock worth $62,000 after purchasing an additional 382 shares during the last quarter. Finally, MAI Capital Management lifted its position in TPG by 572.3% during the second quarter. MAI Capital Management now owns 1,190 shares of the company’s stock valued at $62,000 after purchasing an additional 1,013 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

TPG Stock Down 2.5%

Shares of TPG opened at $39.50 on Tuesday. The firm has a market cap of $15.17 billion, a P/E ratio of 89.77, a PEG ratio of 0.59 and a beta of 1.55. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $70.38. The stock’s 50 day moving average is $53.37 and its two-hundred day moving average is $57.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42.

TPG (NASDAQ:TPG) last announced its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.20. TPG had a return on equity of 26.02% and a net margin of 3.95%.The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. During the same period in the prior year, the company posted $0.62 EPS. The business’s quarterly revenue was up 35.6% on a year-over-year basis. Analysts predict that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.2%. This is a boost from TPG’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, February 19th. TPG’s dividend payout ratio (DPR) is currently 554.55%.

Wall Street Analysts Forecast Growth

TPG has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Evercore set a $56.00 target price on TPG in a research note on Friday, February 6th. Citizens Jmp raised TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Monday, February 9th. Citigroup upgraded TPG to an “outperform” rating in a research report on Monday, February 9th. Finally, UBS Group decreased their price target on TPG from $83.00 to $60.00 and set a “buy” rating for the company in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.80.

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.