Oak Thistle LLC Buys Shares of 10,091 TPG Inc. (NASDAQ:TPG)

Oak Thistle LLC purchased a new position in TPG Inc. (NASDAQ:TPG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,091 shares of the company’s stock, valued at approximately $451,000.

Several other institutional investors and hedge funds have also made changes to their positions in TPG. Signaturefd LLC boosted its position in TPG by 327.6% during the fourth quarter. Signaturefd LLC now owns 945 shares of the company’s stock worth $41,000 after acquiring an additional 724 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of TPG in the fourth quarter valued at $51,000. SG Americas Securities LLC acquired a new position in TPG in the fourth quarter valued at $164,000. Truist Financial Corp acquired a new stake in TPG in the 4th quarter worth about $203,000. Finally, Virtu Financial LLC purchased a new stake in TPG in the 4th quarter valued at about $203,000. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

TPG Trading Down 1.3 %

TPG stock opened at $40.90 on Tuesday. The stock has a 50-day simple moving average of $42.38 and a 200-day simple moving average of $42.81. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG Inc. has a 1 year low of $26.03 and a 1 year high of $47.20.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. TPG had a net margin of 2.74% and a return on equity of 21.16%. The company had revenue of $512.30 million during the quarter, compared to the consensus estimate of $452.87 million. During the same quarter last year, the company earned $0.24 earnings per share. TPG’s revenue for the quarter was up 64.5% on a year-over-year basis. Sell-side analysts forecast that TPG Inc. will post 2.02 EPS for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a $0.41 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.64 dividend on an annualized basis and a yield of 4.01%. TPG’s payout ratio is currently -1,171.34%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TPG. Morgan Stanley raised shares of TPG from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $43.00 to $52.00 in a research report on Friday, May 10th. Jefferies Financial Group decreased their price target on shares of TPG from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. TheStreet downgraded TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. JMP Securities reiterated a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. Finally, UBS Group boosted their price target on TPG from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, TPG currently has an average rating of “Hold” and a consensus target price of $42.50.

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.