Caz Investments LP Takes $26.36 Million Position in TPG Inc. $TPG

Caz Investments LP purchased a new position in shares of TPG Inc. (NASDAQ:TPG) in the second quarter, Holdings Channel.com reports. The fund purchased 650,000 shares of the company’s stock, valued at approximately $26,358,000. TPG makes up approximately 5.1% of Caz Investments LP’s portfolio, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Jackson Brooke LLC acquired a new stake in TPG in the second quarter valued at about $92,395,080. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in TPG during the first quarter worth about $6,421,000. Frank Rimerman Advisors LLC lifted its holdings in shares of TPG by 173.8% in the first quarter. Frank Rimerman Advisors LLC now owns 42,533 shares of the company’s stock worth $1,723,000 after acquiring an additional 26,998 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of TPG by 40.9% in the first quarter. Janus Henderson Group PLC now owns 84,112 shares of the company’s stock worth $3,407,000 after acquiring an additional 24,411 shares during the last quarter. Finally, Next Capital Management LLC acquired a new stake in shares of TPG in the 1st quarter valued at approximately $1,052,000. 94.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TPG has been the subject of a number of research analyst reports. Citigroup reiterated an “outperform” rating on shares of TPG in a research report on Thursday, July 9th. BMO Capital Markets cut their target price on shares of TPG from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Weiss Ratings raised shares of TPG from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Evercore set a $50.00 price target on shares of TPG in a report on Wednesday, August 5th. Finally, UBS Group increased their price target on TPG from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.33.

TPG Stock Performance

TPG opened at $52.65 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The company’s 50 day moving average price is $47.05 and its two-hundred day moving average price is $43.84. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 79.77, a PEG ratio of 0.88 and a beta of 1.47.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. The firm had revenue of $628.19 million during the quarter, compared to the consensus estimate of $596.79 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. As a group, research analysts predict that TPG Inc. will post 2.88 earnings per share for the current year.

TPG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, August 14th. TPG’s dividend payout ratio (DPR) is currently 357.58%.

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.