Frank Rimerman Advisors LLC Buys 1,763 Shares of TPG Inc. $TPG

Frank Rimerman Advisors LLC lifted its stake in TPG Inc. (NASDAQ:TPG) by 12.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,520 shares of the company’s stock after buying an additional 1,763 shares during the period. Frank Rimerman Advisors LLC’s holdings in TPG were worth $814,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in TPG by 69.1% in the 1st quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company’s stock valued at $507,177,000 after acquiring an additional 4,369,618 shares in the last quarter. Vanguard Group Inc. increased its position in shares of TPG by 12.5% during the first quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company’s stock valued at $441,254,000 after purchasing an additional 1,037,225 shares during the period. Temasek Holdings Private Ltd increased its position in shares of TPG by 114.2% during the first quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company’s stock valued at $404,560,000 after purchasing an additional 4,548,452 shares during the period. Geode Capital Management LLC raised its stake in shares of TPG by 30.8% in the second quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock valued at $185,136,000 after purchasing an additional 831,865 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in TPG by 18.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,669,590 shares of the company’s stock worth $126,619,000 after purchasing an additional 416,520 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

NASDAQ:TPG opened at $54.86 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a market cap of $20.74 billion, a PE ratio of 609.56, a price-to-earnings-growth ratio of 1.01 and a beta of 1.52. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. The company’s 50-day moving average price is $57.80 and its two-hundred day moving average price is $55.65.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). TPG had a return on equity of 25.79% and a net margin of 2.83%.The firm had revenue of $509.40 million for the quarter, compared to analyst estimates of $510.32 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $0.45 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 3.3%. TPG’s payout ratio is presently 2,000.00%.

Wall Street Analysts Forecast Growth

TPG has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research note on Thursday, November 13th. Citigroup decreased their target price on shares of TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Zacks Research lowered shares of TPG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. BNP Paribas upgraded shares of TPG to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, BNP Paribas Exane raised TPG from a “neutral” rating to an “outperform” rating and set a $69.00 price objective on the stock in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.62.

About TPG

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.