Neuberger Berman Group LLC Grows Stock Holdings in TPG Inc. $TPG

Neuberger Berman Group LLC boosted its stake in TPG Inc. (NASDAQ:TPG) by 52.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 878,421 shares of the company’s stock after acquiring an additional 300,962 shares during the period. Neuberger Berman Group LLC owned 0.23% of TPG worth $50,465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of TPG by 94.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 248,011 shares of the company’s stock valued at $14,252,000 after purchasing an additional 120,660 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of TPG in the third quarter valued at approximately $233,000. Picton Mahoney Asset Management purchased a new stake in shares of TPG during the third quarter worth approximately $24,334,000. 111 Capital purchased a new stake in shares of TPG during the third quarter worth approximately $211,000. Finally, American Century Companies Inc. lifted its holdings in shares of TPG by 22.3% during the third quarter. American Century Companies Inc. now owns 1,051,782 shares of the company’s stock worth $60,425,000 after purchasing an additional 191,432 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley set a $67.00 price objective on shares of TPG in a research report on Tuesday, January 27th. UBS Group cut their price objective on shares of TPG from $83.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Citizens Jmp upgraded shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Monday, February 9th. Citigroup raised shares of TPG to an “outperform” rating in a report on Monday, February 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $80.00 price target on shares of TPG in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.80.

TPG Price Performance

TPG stock opened at $43.07 on Friday. The firm has a 50 day moving average of $56.28 and a 200-day moving average of $58.35. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 97.89, a PEG ratio of 0.63 and a beta of 1.55. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $70.38.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $548.40 million. TPG had a return on equity of 26.02% and a net margin of 3.95%.The company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. As a group, equities analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were given a dividend of $0.61 per share. The ex-dividend date was Thursday, February 19th. This is an increase from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a yield of 5.7%. TPG’s dividend payout ratio (DPR) is presently 554.55%.

About TPG

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.