Point72 Europe London LLP Buys 39,550 Shares of TPG Inc. (NASDAQ:TPG)

Point72 Europe London LLP raised its stake in shares of TPG Inc. (NASDAQ:TPG) by 16.8% in the third quarter, Holdings Channel reports. The fund owned 274,935 shares of the company’s stock after acquiring an additional 39,550 shares during the period. TPG comprises approximately 1.0% of Point72 Europe London LLP’s holdings, making the stock its 22nd biggest position. Point72 Europe London LLP’s holdings in TPG were worth $15,825,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of TPG by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,991 shares of the company’s stock valued at $18,591,000 after buying an additional 8,615 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TPG by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock valued at $1,019,000 after buying an additional 965 shares in the last quarter. Partners Group Holding AG increased its stake in shares of TPG by 112.2% in the third quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock valued at $19,146,000 after buying an additional 175,847 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of TPG by 19.2% in the third quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company’s stock valued at $1,357,000 after buying an additional 3,802 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of TPG by 803.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 10,677 shares of the company’s stock valued at $615,000 after buying an additional 9,495 shares in the last quarter. 86.79% of the stock is owned by institutional investors.

TPG Price Performance

Shares of TPG opened at $69.96 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG Inc. has a 1 year low of $34.50 and a 1 year high of $72.98. The stock has a market cap of $25.53 billion, a P/E ratio of -205.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. The stock’s 50-day moving average price is $64.30 and its two-hundred day moving average price is $52.20.

TPG (NASDAQ:TPG) last issued its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter last year, the business earned $0.56 earnings per share. On average, equities analysts predict that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, November 14th. TPG’s dividend payout ratio (DPR) is presently -447.06%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TPG. JPMorgan Chase & Co. raised their target price on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Evercore ISI lifted their price objective on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. BMO Capital Markets lifted their price objective on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley lifted their price objective on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $58.83.

TPG 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.