Cinctive Capital Management LP Grows Stock Position in TPG Inc. (NASDAQ:TPG)

Cinctive Capital Management LP grew its position in TPG Inc. (NASDAQ:TPG) by 102.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,303 shares of the company’s stock after purchasing an additional 51,868 shares during the quarter. Cinctive Capital Management LP’s holdings in TPG were worth $6,429,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TPG. ORG Wealth Partners LLC purchased a new stake in TPG during the 4th quarter worth about $33,000. R Squared Ltd acquired a new position in TPG in the fourth quarter valued at $97,000. Quarry LP raised its holdings in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after buying an additional 1,846 shares during the last quarter. Wedmont Private Capital purchased a new stake in shares of TPG in the fourth quarter valued at about $204,000. Finally, Iron Gate Global Advisors LLC acquired a new stake in shares of TPG during the third quarter worth about $201,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 76.48% of the company’s stock.

TPG Stock Performance

NASDAQ TPG opened at $47.72 on Wednesday. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of -108.45, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $56.48 and a 200-day moving average of $61.82. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, analysts predict that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This is a boost from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.44%. TPG’s dividend payout ratio (DPR) is -481.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TPG shares. Wells Fargo & Company dropped their target price on TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Keefe, Bruyette & Woods lifted their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. BMO Capital Markets increased their price target on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Evercore ISI lifted their price objective on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Finally, JMP Securities reiterated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.18.

About TPG

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.