Vanguard Group Inc. Grows Position in TPG Inc. $TPG

Vanguard Group Inc. grew its position in TPG Inc. (NASDAQ:TPG) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,386,633 shares of the company’s stock after acquiring an additional 56,490 shares during the quarter. Vanguard Group Inc. owned 3.28% of TPG worth $711,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPG. Private Wealth Partners LLC grew its stake in shares of TPG by 88.2% in the 3rd quarter. Private Wealth Partners LLC now owns 113,880 shares of the company’s stock worth $6,542,000 after buying an additional 53,375 shares in the last quarter. Clear Harbor Asset Management LLC increased its holdings in shares of TPG by 84.9% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 142,372 shares of the company’s stock worth $8,179,000 after buying an additional 65,387 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of TPG by 195.1% in the 3rd 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 during the last quarter. Boston Partners bought a new position in shares of TPG in the 2nd quarter valued at about $8,461,000. Finally, New York State Common Retirement Fund grew its position in TPG by 42.1% in the second quarter. New York State Common Retirement Fund now owns 69,162 shares of the company’s stock worth $3,628,000 after acquiring an additional 20,500 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $80.00 price objective on shares of TPG in a research report on Tuesday, January 6th. Barclays set a $69.00 target price on TPG in a research report on Friday, February 6th. JPMorgan Chase & Co. decreased their price target on TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Citigroup raised shares of TPG to an “outperform” rating in a research note on Monday, February 9th. Finally, Citizens Jmp upgraded shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.67.

TPG Stock Down 4.9%

NASDAQ:TPG opened at $42.34 on Tuesday. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 96.23, a price-to-earnings-growth ratio of 0.66 and a beta of 1.50. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $70.38. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $60.07 and a 200-day simple moving average of $59.48.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.65 by $0.20. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. The firm’s revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. Analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be issued a $0.61 dividend. The ex-dividend date is Thursday, February 19th. This is a positive change from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.8%. TPG’s dividend payout ratio (DPR) is presently 554.55%.

TPG Profile

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.