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

Cinctive Capital Management LP raised its holdings in shares of TPG Inc. (NASDAQ:TPG) by 102.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,303 shares of the company’s stock after acquiring an additional 51,868 shares during the period. Cinctive Capital Management LP’s holdings in TPG were worth $6,429,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TPG. Headlands Technologies LLC lifted its position in TPG by 108.9% during the fourth quarter. Headlands Technologies LLC now owns 5,790 shares of the company’s stock valued at $364,000 after purchasing an additional 3,019 shares during the period. Geode Capital Management LLC grew its position in shares of TPG by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,466,506 shares of the company’s stock valued at $92,185,000 after acquiring an additional 24,505 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of TPG by 14.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,208 shares of the company’s stock valued at $390,000 after purchasing an additional 768 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in TPG in the 4th quarter worth about $11,790,000. Finally, Orion Portfolio Solutions LLC purchased a new position in TPG during the fourth quarter worth approximately $386,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Trading Up 0.6 %

Shares of TPG opened at $47.72 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $56.48 and a 200 day moving average price of $61.82. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98. The firm has a market capitalization of $17.63 billion, a P/E ratio of -108.45, a P/E/G ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. Sell-side analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.44%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is currently -481.82%.

Insider Activity

In related news, General Counsel Bradford Berenson sold 2,509 shares of the business’s 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 sale, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now owns 15,841 shares of the company’s stock, valued at $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. Corporate insiders own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Evercore ISI upped their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. 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 research report on Friday, December 20th. Finally, JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.