Gunderson Capital Management Inc. Invests $1.82 Million in TPG Inc. (NASDAQ:TPG)

Gunderson Capital Management Inc. purchased a new stake in TPG Inc. (NASDAQ:TPG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,883 shares of the company’s stock, valued at approximately $1,815,000. TPG makes up 0.9% of Gunderson Capital Management Inc.’s holdings, making the stock its 29th largest holding.

Several other large investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of TPG during the fourth quarter valued at approximately $33,000. Signaturefd LLC grew its holdings in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares during the period. Covestor Ltd increased its stake in TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after purchasing an additional 1,715 shares in the last quarter. KBC Group NV increased its holdings in TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares in the last quarter. Finally, Quarry LP grew its stake in shares of TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after acquiring an additional 1,846 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

TPG Trading Down 0.8 %

NASDAQ:TPG opened at $61.88 on Tuesday. 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 one year low of $38.20 and a one year high of $72.98. The company has a market cap of $22.58 billion, a PE ratio of -181.99, a PEG ratio of 1.11 and a beta of 1.49. The firm has a 50-day moving average of $66.57 and a 200-day moving average of $57.76.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million for 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 posted $0.56 earnings per share. As a group, equities research analysts expect that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.46%. TPG’s payout ratio is currently -447.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TPG shares. Wells Fargo & Company boosted their target price on shares of TPG from $68.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen dropped their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, BMO Capital Markets increased their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.

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.