Hudson Bay Capital Management LP Takes Position in TPG Inc. $TPG

Hudson Bay Capital Management LP acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,835 shares of the company’s stock, valued at approximately $2,059,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 acquiring an additional 524 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TPG by 252.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares during the last quarter. Optiver Holding B.V. purchased a new stake in shares of TPG during the 3rd quarter valued at $51,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of TPG by 54.4% in the 3rd 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 in the last quarter. Finally, MAI Capital Management grew its stake in TPG by 572.3% during the 2nd quarter. MAI Capital Management now owns 1,190 shares of the company’s stock worth $62,000 after buying an additional 1,013 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analyst Ratings Changes

TPG has been the topic of several recent analyst reports. UBS Group reduced their target price on TPG from $83.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wolfe Research restated an “outperform” rating and set a $80.00 price target on shares of TPG in a research note on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating on shares of TPG in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $80.00 target price on shares of TPG in a research note on Tuesday, January 6th. One investment 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.80.

TPG Stock Down 2.5%

TPG stock opened at $40.07 on Friday. The business’s 50-day simple moving average is $51.25 and its two-hundred day simple moving average is $56.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $15.39 billion, a PE ratio of 91.07, a PEG ratio of 0.59 and a beta of 1.55. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $70.38.

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

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were issued a $0.61 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This is a positive change from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 annualized dividend and a yield of 6.1%. TPG’s dividend payout ratio is currently 554.55%.

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.