Junto Capital Management LP Buys New Shares in TPG Inc. $TPG

Junto Capital Management LP purchased a new stake in TPG Inc. (NASDAQ:TPG) during the 2nd quarter, Holdings Channel reports. The firm purchased 2,041,772 shares of the company’s stock, valued at approximately $82,794,000. TPG makes up about 1.5% of Junto Capital Management LP’s portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Engineers Gate Manager LP grew its holdings in shares of TPG by 147.4% in the 2nd quarter. Engineers Gate Manager LP now owns 342,327 shares of the company’s stock valued at $13,881,000 after acquiring an additional 203,956 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of TPG by 189.0% in the second quarter. NewEdge Advisors LLC now owns 15,031 shares of the company’s stock valued at $610,000 after acquiring an additional 9,830 shares during the last quarter. Vulcan Value Partners LLC raised its holdings in TPG by 18.9% during the second quarter. Vulcan Value Partners LLC now owns 2,361,862 shares of the company’s stock worth $95,774,000 after acquiring an additional 375,836 shares in the last quarter. Nykredit A S bought a new stake in TPG during the second quarter worth about $92,000. Finally, Corient Private Wealth LP boosted its position in TPG by 232.1% during the second quarter. Corient Private Wealth LP now owns 67,268 shares of the company’s stock valued at $2,728,000 after purchasing an additional 47,013 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

More TPG News

Here are the key news stories impacting TPG this week:

• Positive Sentiment: TPG is reportedly exploring a sale of healthcare-payments software company Lyric that could value the business at approximately $5 billion. A successful transaction could provide an attractive realization of TPG’s investment and demonstrate value creation in its technology and healthcare portfolio, although the process is preliminary and no deal is assured. Reuters article
• Positive Sentiment: TPG acquired a partial interest in UnitedHealth’s Florida Optum Health primary-care operations, including WellMed clinics. The investment expands TPG’s healthcare exposure and could benefit from the clinics’ operating platform and growth prospects, though financial terms and the expected effect on TPG’s earnings were not disclosed. UnitedHealth WellMed transaction article
• Neutral Sentiment: TPG-backed Third Wave Insurance appointed Vredenburg as chief executive. The leadership change may support the portfolio company’s next phase of growth, but the report provided no material financial guidance or details likely to change TPG’s near-term valuation. Third Wave Insurance CEO appointment article
• Negative Sentiment: TPG executive Todd Sisitsky is leaving to become co-CEO of rival private-equity firm CVC under its succession plan. Although the transition is not expected to occur immediately, the departure removes an experienced leader from TPG and may raise concerns about management continuity and retention. Wall Street Journal article

Analyst Ratings Changes

TPG has been the subject of a number of analyst reports. Wall Street Zen upgraded TPG from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Evercore set a $50.00 price objective on TPG in a research note on Wednesday, August 5th. Morgan Stanley cut their price objective on TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Citizens Jmp decreased their target price on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Finally, Barclays boosted their target price on shares of TPG from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, TPG has a consensus rating of “Moderate Buy” and a consensus price target of $63.33.

TPG Price Performance

Shares of NASDAQ TPG opened at $48.91 on Thursday. The business’s 50 day moving average price is $47.70 and its two-hundred day moving average price is $43.93. The company has a market cap of $18.80 billion, a PE ratio of 74.11, a price-to-earnings-growth ratio of 0.85 and a beta of 1.47. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. TPG had a return on equity of 28.10% and a net margin of 4.67%.The firm had revenue of $628.19 million for the quarter, compared to analyst estimates of $596.79 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. On average, analysts predict that TPG Inc. will post 2.88 EPS for the current year.

TPG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.8%. TPG’s payout ratio is presently 357.58%.

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit and market solutions. The company manages investment funds and strategies for institutional investors, family offices, sovereign wealth funds, and other clients.

Through its various investment platforms, TPG provides capital to companies at different stages of development and across multiple industries. Its activities include acquiring and supporting established businesses, investing in high-growth companies, financing real estate and credit opportunities, and pursuing investments intended to generate both financial and social or environmental impact.

TPG was founded in 1992 by David Bonderman and James Coulter.