Capital World Investors Has $163.51 Million Position in TPG Inc. $TPG

Capital World Investors boosted its holdings in TPG Inc. (NASDAQ:TPG) by 5.3% in the third quarter, Holdings Channel reports. The institutional investor owned 2,846,114 shares of the company’s stock after buying an additional 143,055 shares during the period. Capital World Investors’ holdings in TPG were worth $163,509,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Darlington Partners Capital Management LP bought a new stake in TPG during the 2nd quarter worth approximately $258,581,000. Norges Bank bought a new position in shares of TPG during the second quarter valued at $83,794,000. Balyasny Asset Management L.P. acquired a new position in shares of TPG during the second quarter worth $54,088,000. Geode Capital Management LLC lifted its holdings in shares of TPG by 30.8% during the second quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock worth $185,136,000 after purchasing an additional 831,865 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of TPG by 4,109.1% in the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after purchasing an additional 557,438 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wolfe Research restated an “outperform” rating and issued a $80.00 price objective on shares of TPG in a report on Wednesday, January 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TPG in a research report on Wednesday, March 4th. Barclays decreased their price target on TPG from $69.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Finally, Citizens Jmp raised TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TPG currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.80.

TPG Stock Performance

Shares of TPG stock opened at $40.68 on Thursday. The company has a market cap of $15.63 billion, a price-to-earnings ratio of 92.46, a price-to-earnings-growth ratio of 0.62 and a beta of 1.55. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $70.38. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $54.94 and a 200-day moving average of $57.95.

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

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 6.0%. This is an increase from TPG’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, February 19th. TPG’s payout ratio is presently 554.55%.

TPG 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.