Capital International Investors Has $671.16 Million Position in TPG Inc. $TPG

Capital International Investors raised its position in TPG Inc. (NASDAQ:TPG) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,682,464 shares of the company’s stock after purchasing an additional 392,336 shares during the period. Capital International Investors owned approximately 3.09% of TPG worth $671,158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after buying an additional 524 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after acquiring an additional 566 shares in the last quarter. Optiver Holding B.V. acquired a new position in TPG in the third quarter valued at about $51,000. MAI Capital Management grew its stake in TPG by 572.3% in the second quarter. MAI Capital Management now owns 1,190 shares of the company’s stock valued at $62,000 after acquiring an additional 1,013 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of TPG by 54.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,084 shares of the company’s stock worth $62,000 after acquiring an additional 382 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TPG has been the topic of a number of research analyst reports. Barclays dropped their price target on TPG from $69.00 to $56.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of TPG in a research note on Monday, December 29th. Citigroup raised shares of TPG to an “outperform” rating in a research note on Monday, February 9th. Evercore set a $56.00 price target on shares of TPG in a report on Friday, February 6th. Finally, TD Cowen reissued a “hold” rating on shares of TPG in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.80.

TPG Stock Down 1.1%

NASDAQ:TPG opened at $42.23 on Wednesday. The stock has a 50-day simple moving average of $55.40 and a 200 day simple moving average of $58.07. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $70.38. The company has a market cap of $16.22 billion, a PE ratio of 95.98, a PEG ratio of 0.60 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.

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

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were given a $0.61 dividend. This is a boost from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, February 19th. TPG’s payout ratio is presently 554.55%.

TPG Company Profile

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.