Capital World Investors Buys 13,116 Shares of TPG Inc. $TPG

Capital World Investors raised its stake in shares of TPG Inc. (NASDAQ:TPG) by 0.5% in the fourth quarter, Holdings Channel reports. The fund owned 2,859,230 shares of the company’s stock after acquiring an additional 13,116 shares during the period. Capital World Investors’ holdings in TPG were worth $182,533,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of TPG in the fourth quarter valued at about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TPG by 268.7% in the second 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 raised its holdings in shares of TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after buying an additional 649 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after buying an additional 566 shares during the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of TPG in the third quarter valued at about $51,000. 94.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TPG has been the subject of a number of research analyst reports. Evercore set a $47.00 price target on TPG in a report on Tuesday, April 21st. Wall Street Zen raised TPG from a “sell” rating to a “hold” rating in a report on Sunday. Morgan Stanley set a $60.00 price target on TPG in a report on Tuesday, April 21st. Citizens Jmp raised TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Monday, February 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $61.00 price target on shares of TPG in a report on Tuesday, May 5th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.75.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $41.20 on Tuesday. The stock has a market capitalization of $15.83 billion, a P/E ratio of 187.28, a P/E/G ratio of 0.74 and a beta of 1.44. TPG Inc. has a 1-year low of $36.95 and a 1-year high of $70.38. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $41.90 and a two-hundred day moving average price of $50.83.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The firm had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. Equities analysts predict that TPG Inc. will post 2.86 earnings per share for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s payout ratio is currently 1,072.73%.

TPG Company 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.