Cinctive Capital Management LP Has $6.43 Million Stock Holdings in TPG Inc. (NASDAQ:TPG)

Cinctive Capital Management LP boosted its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 102.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,303 shares of the company's stock after purchasing 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 reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of TPG during the fourth quarter worth about $33,000. R Squared Ltd bought a new position in shares of TPG during the 4th quarter worth approximately $97,000. Quarry LP raised its holdings in shares of TPG by 136.2% in 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. Iron Gate Global Advisors LLC bought a new stake in shares of TPG in the third quarter worth $201,000. Finally, Wedmont Private Capital acquired a new position in TPG during the fourth quarter worth $204,000. Institutional investors and hedge funds own 94.03% of the company's stock.

TPG Stock Performance

TPG stock traded down $0.87 during trading hours on Monday, hitting $40.13. 1,766,761 shares of the stock were exchanged, compared to its average volume of 1,408,740. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. 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 market capitalization of $14.83 billion, a P/E ratio of -91.29, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a 50-day simple moving average of $54.99 and a two-hundred day simple moving average of $61.54.

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TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping 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%. On average, analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.53 dividend. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Friday, February 21st. TPG's payout ratio is -481.82%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America dropped their target price on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a report on Friday. BMO Capital Markets increased their price objective on TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. The Goldman Sachs Group dropped their price target on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Finally, Evercore ISI upped their target price on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $62.42.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the company'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 of the company's stock, valued at $14,553,683.64. The trade was a 0.86 % 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.

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.