TPG Inc. $TPG Position Boosted by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC increased its holdings in TPG Inc. (NASDAQ:TPG) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,298 shares of the company’s stock after purchasing an additional 3,427 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in TPG were worth $3,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew its position in TPG by 3.1% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,828 shares of the company’s stock worth $411,000 after buying an additional 238 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of TPG by 3.0% during the 2nd quarter. QRG Capital Management Inc. now owns 8,251 shares of the company’s stock worth $433,000 after acquiring an additional 241 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of TPG by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after acquiring an additional 338 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of TPG by 43.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,380 shares of the company’s stock worth $72,000 after acquiring an additional 420 shares during the last quarter. Finally, Comerica Bank raised its position in shares of TPG by 43.1% during the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after purchasing an additional 465 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a report on Tuesday. Zacks Research lowered shares of TPG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. UBS Group set a $78.00 price target on shares of TPG in a research report on Monday, October 6th. Finally, TD Cowen raised their price objective on shares of TPG from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Two research 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 stock has an average rating of “Moderate Buy” and a consensus price target of $66.62.

TPG Price Performance

Shares of TPG opened at $59.12 on Friday. The business’s 50-day moving average is $56.96 and its 200-day moving average is $56.04. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 656.89, a P/E/G ratio of 1.08 and a beta of 1.52. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $71.11.

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

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.0%. TPG’s dividend payout ratio is 2,000.00%.

TPG Company Profile

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.