Ghisallo Capital Management LLC Invests $5.18 Million in TPG Inc. (NASDAQ:TPG)

Ghisallo Capital Management LLC bought a new stake in shares of TPG Inc. (NASDAQ:TPG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 125,000 shares of the company’s stock, valued at approximately $5,181,000.

Several other institutional investors and hedge funds have also modified their holdings of TPG. Commonwealth Equity Services LLC increased its holdings in TPG by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock worth $296,000 after buying an additional 230 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in TPG by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock worth $1,229,000 after purchasing an additional 280 shares during the period. Janney Montgomery Scott LLC raised its holdings in TPG by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after acquiring an additional 500 shares during the period. International Assets Investment Management LLC acquired a new position in TPG during the 2nd quarter worth $25,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in TPG by 5.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock worth $556,000 after acquiring an additional 680 shares during the last quarter. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the sale, the director now owns 17,536 shares in the company, valued at approximately $816,300.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 76.48% of the stock is currently owned by company insiders.

TPG Stock Up 1.3 %

Shares of NASDAQ TPG opened at $58.31 on Wednesday. TPG Inc. has a 52-week low of $26.62 and a 52-week high of $60.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The business has a fifty day moving average of $51.10 and a two-hundred day moving average of $46.01. The stock has a market cap of $21.27 billion, a PE ratio of -416.47, a PEG ratio of 0.99 and a beta of 1.52.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. The firm had revenue of $744.19 million during the quarter, compared to the consensus estimate of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same period last year, the firm posted $0.26 EPS. As a group, equities research analysts expect that TPG Inc. will post 2.01 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio is presently -1,199.91%.

Wall Street Analysts Forecast Growth

TPG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company assumed coverage on TPG in a research report on Thursday, September 12th. They issued an “overweight” rating and a $60.00 price target on the stock. The Goldman Sachs Group increased their price objective on TPG from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, TD Cowen lowered their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.25.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.