Cinctive Capital Management LP Grows Stake in TPG Inc. (NASDAQ:TPG)

Cinctive Capital Management LP boosted its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 65.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,435 shares of the company's stock after purchasing an additional 20,026 shares during the period. Cinctive Capital Management LP's holdings in TPG were worth $2,903,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company's stock valued at $156,188,000 after acquiring an additional 922,571 shares during the period. Thrivent Financial for Lutherans grew its holdings in TPG by 902.4% during the second quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company's stock valued at $17,352,000 after purchasing an additional 376,848 shares during the period. Massachusetts Financial Services Co. MA increased its position in TPG by 5.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company's stock worth $278,161,000 after buying an additional 366,306 shares in the last quarter. Partners Group Holding AG raised its stake in shares of TPG by 112.2% in the third quarter. Partners Group Holding AG now owns 332,627 shares of the company's stock worth $19,146,000 after buying an additional 175,847 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of TPG by 49.6% during the 2nd quarter. Renaissance Technologies LLC now owns 461,900 shares of the company's stock valued at $19,146,000 after buying an additional 153,100 shares in the last quarter. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

TPG Price Performance

Shares of NASDAQ TPG traded up $0.03 during mid-day trading on Tuesday, hitting $68.96. 294,755 shares of the company's stock traded hands, compared to its average volume of 891,947. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. TPG Inc. has a 1 year low of $35.17 and a 1 year high of $72.98. The company's 50-day moving average is $64.73 and its two-hundred day moving average is $52.70. The company has a market capitalization of $25.17 billion, a P/E ratio of -202.73, a PEG ratio of 1.16 and a beta of 1.46.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period last year, the company earned $0.56 EPS. On average, equities analysts anticipate that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, November 14th. TPG's dividend payout ratio (DPR) is -447.05%.

Analysts Set New Price Targets

A number of research firms have commented on TPG. The Goldman Sachs Group raised their target price on shares of TPG from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of TPG from $44.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday, August 7th. Wells Fargo & Company boosted their price objective on TPG from $67.00 to $68.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Morgan Stanley increased their target price on TPG from $55.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, Evercore ISI boosted their price target on TPG from $46.00 to $60.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TPG currently has a consensus rating of "Hold" and a consensus target price of $58.83.

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.