Gunderson Capital Management Inc. Acquires Shares of 28,883 TPG Inc. (NASDAQ:TPG)

Gunderson Capital Management Inc. bought a new stake in TPG Inc. (NASDAQ:TPG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,883 shares of the company's stock, valued at approximately $1,815,000. TPG accounts for about 0.9% of Gunderson Capital Management Inc.'s portfolio, making the stock its 29th largest position.

Other large investors also recently modified their holdings of the company. Signaturefd LLC boosted its stake in TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company's stock worth $62,000 after purchasing an additional 188 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of TPG by 3.3% during the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company's stock worth $296,000 after buying an additional 230 shares during the period. KBC Group NV grew its holdings in shares of TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after buying an additional 482 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in TPG in the 4th quarter valued at approximately $33,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TPG by 5.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company's stock valued at $1,019,000 after acquiring an additional 965 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

TPG Stock Performance

Shares of NASDAQ:TPG traded up $1.22 on Tuesday, hitting $63.10. The company had a trading volume of 760,071 shares, compared to its average volume of 1,006,209. The stock has a 50 day moving average price of $66.57 and a 200 day moving average price of $57.76. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a market cap of $23.03 billion, a price-to-earnings ratio of -185.58, a P/E/G ratio of 1.11 and a beta of 1.49. TPG Inc. has a 1-year low of $38.20 and a 1-year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million for the quarter, compared to analysts' expectations of $449.98 million. During the same period in the prior year, the firm earned $0.56 EPS. Analysts expect that TPG Inc. will post 1.95 EPS for the current year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a $0.38 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.41%. TPG's dividend payout ratio (DPR) is presently -447.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TPG. Wells Fargo & Company cut their price objective on shares of TPG from $83.00 to $78.00 and set an "overweight" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price target on shares of TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Morgan Stanley raised their price objective on TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Evercore ISI lifted their target price on TPG from $46.00 to $60.00 and gave the company an "in-line" rating in a research report on Monday, October 14th. Finally, TD Cowen reduced their price target on TPG from $62.00 to $58.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.58.

TPG Company 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.