Ghisallo Capital Management LLC Buys Shares of 125,000 TPG Inc. (NASDAQ:TPG)

Ghisallo Capital Management LLC purchased a new position in shares of TPG Inc. (NASDAQ:TPG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 125,000 shares of the company’s stock, valued at approximately $5,181,000.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of TPG in the 2nd quarter valued at about $25,000. YHB Investment Advisors Inc. acquired a new position in shares of TPG during the 1st quarter worth approximately $32,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of TPG during the 1st quarter worth approximately $112,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of TPG in the 1st quarter valued at approximately $151,000. Finally, MQS Management LLC acquired a new stake in shares of TPG in the 1st quarter valued at approximately $201,000. Institutional investors own 86.79% of the company’s stock.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the sale, the director now directly owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 76.48% of the stock is owned by company insiders.

TPG Price Performance

TPG stock opened at $58.31 on Wednesday. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of -416.47, a P/E/G ratio of 0.99 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The company has a 50 day simple moving average of $51.10 and a 200 day simple moving average of $46.01. TPG Inc. has a 1 year low of $26.62 and a 1 year high of $60.35.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $744.19 million during the quarter, compared to analysts’ expectations of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same period in the prior year, the company earned $0.26 EPS. Research analysts anticipate that TPG Inc. will post 2.01 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.42 per share. This is a boost from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Friday, August 16th. TPG’s payout ratio is -1,199.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. TD Cowen lowered their price target on TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. JPMorgan Chase & Co. increased their price objective on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company initiated coverage on shares of TPG in a research report on Thursday, September 12th. They issued an “overweight” rating and a $60.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on shares of TPG from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.25.

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.