TPG Inc. $TPG Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of TPG Inc. (NASDAQ:TPG) by 18.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,672,272 shares of the company’s stock after purchasing an additional 425,223 shares during the period. Franklin Resources Inc.’s holdings in TPG were worth $153,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Picton Mahoney Asset Management acquired a new stake in TPG during the 3rd quarter worth approximately $24,334,000. Private Wealth Partners LLC grew its stake in shares of TPG by 88.2% in the third quarter. Private Wealth Partners LLC now owns 113,880 shares of the company’s stock worth $6,542,000 after acquiring an additional 53,375 shares in the last quarter. Clear Harbor Asset Management LLC increased its position in shares of TPG by 84.9% during the third quarter. Clear Harbor Asset Management LLC now owns 142,372 shares of the company’s stock worth $8,179,000 after acquiring an additional 65,387 shares during the period. Cerity Partners LLC raised its stake in shares of TPG by 195.1% in the third quarter. Cerity Partners LLC now owns 206,266 shares of the company’s stock valued at $11,850,000 after acquiring an additional 136,374 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of TPG by 0.5% in the third quarter. Vanguard Group Inc. now owns 12,386,633 shares of the company’s stock valued at $711,612,000 after acquiring an additional 56,490 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Stock Down 4.0%

Shares of NASDAQ TPG opened at $39.06 on Friday. The business has a 50-day moving average of $54.44 and a two-hundred day moving average of $57.81. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 88.77, a price-to-earnings-growth ratio of 0.59 and a beta of 1.55. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $70.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. TPG had a return on equity of 26.02% and a net margin of 3.95%.The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $548.40 million. During the same quarter in the prior year, the business posted $0.62 EPS. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. 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 Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a $0.61 dividend. This is an increase from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 annualized dividend and a yield of 6.2%. The ex-dividend date was Thursday, February 19th. TPG’s payout ratio is currently 554.55%.

Analyst Ratings Changes

Several research firms recently commented on TPG. Royal Bank Of Canada reissued an “outperform” rating on shares of TPG in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research note on Monday, December 29th. Citigroup raised TPG to an “outperform” rating in a research report on Monday, February 9th. Evercore set a $56.00 target price on shares of TPG in a report on Friday, February 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $80.00 price target on shares of TPG in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, TPG currently has an average rating of “Moderate Buy” and a consensus price target of $66.80.

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.