TPG Inc. $TPG Shares Purchased by Vulcan Value Partners LLC

Vulcan Value Partners LLC raised its holdings in shares of TPG Inc. (NASDAQ:TPG) by 18.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,361,862 shares of the company’s stock after purchasing an additional 375,836 shares during the period. TPG accounts for approximately 2.9% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 11th largest holding. Vulcan Value Partners LLC’s holdings in TPG were worth $95,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPG. CX Institutional grew its position in shares of TPG by 481.4% in the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after purchasing an additional 544 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in TPG in the 4th quarter valued at approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after buying an additional 524 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in TPG by 2,496.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after buying an additional 649 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after buying an additional 566 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TPG. Royal Bank Of Canada increased their price objective on TPG from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Barclays raised their price target on shares of TPG from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $62.00 price objective on shares of TPG in a research report on Wednesday, August 5th. Citizens Jmp reduced their price objective on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. Finally, Evercore set a $50.00 target price on shares of TPG in a research note on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, TPG currently has a consensus rating of “Moderate Buy” and an average price target of $63.33.

TPG Trading Down 3.3%

Shares of NASDAQ TPG traded down $1.74 during trading on Tuesday, hitting $50.91. 1,997,672 shares of the company traded hands, compared to its average volume of 2,998,746. The firm has a market capitalization of $19.57 billion, a P/E ratio of 77.14, a P/E/G ratio of 0.88 and a beta of 1.47. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $47.32 and a 200-day moving average price of $43.88. TPG Inc. has a 1 year low of $36.95 and a 1 year high of $70.38.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. The firm had revenue of $628.19 million for the quarter, compared to analysts’ expectations of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%.The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. On average, equities analysts predict that TPG Inc. will post 2.88 EPS for the current year.

TPG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.59 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 4.6%. TPG’s dividend payout ratio (DPR) is presently 357.58%.

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.