TPG Inc. $TPG Stake Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in TPG Inc. (NASDAQ:TPG) by 3.1% during the second quarter, HoldingsChannel reports. The firm owned 7,828 shares of the company’s stock after acquiring an additional 238 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in TPG were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TPG. Temasek Holdings Private Ltd increased its stake in TPG by 114.2% in the 1st quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company’s stock worth $404,560,000 after purchasing an additional 4,548,452 shares in the last quarter. Wellington Management Group LLP lifted its stake in TPG by 69.1% in the 1st quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company’s stock worth $507,177,000 after acquiring an additional 4,369,618 shares in the last quarter. Vulcan Value Partners LLC purchased a new stake in TPG in the 1st quarter worth about $86,332,000. Vanguard Group Inc. lifted its stake in TPG by 12.5% in the 1st quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company’s stock worth $441,254,000 after acquiring an additional 1,037,225 shares in the last quarter. Finally, CW Advisors LLC purchased a new stake in TPG in the 1st quarter worth about $36,780,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Trading Down 0.8%

Shares of NASDAQ TPG opened at $55.04 on Friday. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of -289.68, a PEG ratio of 1.01 and a beta of 1.53. The business has a 50 day simple moving average of $58.78 and a 200 day simple moving average of $54.63. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.24. TPG had a return on equity of 25.79% and a net margin of 1.60%.The business had revenue of $495.12 million for the quarter, compared to the consensus estimate of $470.57 million. During the same period last year, the business earned $0.49 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts predict that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is -1,242.11%.

Analysts Set New Price Targets

TPG has been the subject of several research analyst reports. Bank of America increased their price objective on TPG from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. BNP Paribas Exane raised TPG from a “neutral” rating to an “outperform” rating and set a $69.00 price objective for the company in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of TPG in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised TPG from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $65.00 to $78.00 in a research note on Monday, October 6th. Finally, Evercore ISI raised their price target on TPG from $52.00 to $60.00 and gave the stock an “in-line” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, TPG has an average rating of “Moderate Buy” and an average price target of $65.64.

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.