Burkehill Global Management LP Invests $31.42 Million in TPG Inc. (NASDAQ:TPG)

Burkehill Global Management LP acquired a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 500,000 shares of the company's stock, valued at approximately $31,420,000. TPG accounts for 3.0% of Burkehill Global Management LP's portfolio, making the stock its 7th biggest position. Burkehill Global Management LP owned about 0.14% of TPG at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of TPG in the fourth quarter valued at $33,000. R Squared Ltd acquired a new position in shares of TPG in the 4th quarter worth $97,000. Covestor Ltd raised its position in shares of TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company's stock worth $107,000 after purchasing an additional 1,715 shares during the period. KBC Group NV lifted 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 valued at $138,000 after purchasing an additional 482 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company's stock valued at $184,000 after purchasing an additional 1,846 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

TPG Stock Up 2.2 %

NASDAQ TPG traded up $1.04 on Friday, reaching $47.59. The stock had a trading volume of 2,442,462 shares, compared to its average volume of 961,310. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a 1 year low of $39.18 and a 1 year high of $72.98. The business has a 50 day moving average price of $60.16 and a 200 day moving average price of $61.81. The company has a market capitalization of $17.58 billion, a price-to-earnings ratio of -108.16, a P/E/G ratio of 0.80 and a beta of 1.54.

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

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.45%. This is a boost from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio is presently -481.82%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TPG shares. Keefe, Bruyette & Woods boosted their price objective on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. JMP Securities restated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Evercore ISI raised their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Wells Fargo & Company cut their target price on shares of TPG from $83.00 to $78.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group raised their target price on TPG from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $64.27.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 76.48% of the company's stock.

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.