Lighthouse Investment Partners LLC Invests $11.85 Million in TPG Inc. (NASDAQ:TPG)

Lighthouse Investment Partners LLC purchased a new position in TPG Inc. (NASDAQ:TPG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 188,611 shares of the company’s stock, valued at approximately $11,852,000. Lighthouse Investment Partners LLC owned 0.05% of TPG as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPG. Comerica Bank lifted its position in shares of TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after acquiring an additional 450 shares during the period. R Squared Ltd acquired a new position in shares of TPG during the 4th quarter valued at $97,000. Wedmont Private Capital acquired a new position in shares of TPG during the 4th quarter valued at $204,000. Stifel Financial Corp acquired a new position in shares of TPG during the 4th quarter valued at $206,000. Finally, Baker Avenue Asset Management LP acquired a new position in shares of TPG during the 4th quarter valued at $220,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TPG shares. Wells Fargo & Company boosted their target price on shares of TPG from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America decreased their price target on shares of TPG from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, April 4th. TD Cowen decreased their price target on shares of TPG from $65.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. JMP Securities restated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, UBS Group decreased their price target on shares of TPG from $72.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.08.

TPG Stock Performance

NASDAQ TPG opened at $49.53 on Monday. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of -112.57, a PEG ratio of 0.80 and a beta of 1.58. The company has a fifty day moving average price of $46.70 and a 200-day moving average price of $58.51.

TPG (NASDAQ:TPG) last posted its earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a return on equity of 24.66% and a net margin of 0.67%. The firm had revenue of $476.26 million during the quarter, compared to the consensus estimate of $459.75 million. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.41 per share. The ex-dividend date is Monday, May 19th. This represents a $1.64 annualized dividend and a yield of 3.31%. TPG’s payout ratio is currently -496.97%.

Insider Activity at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 69.98% of the stock is owned by company insiders.

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.