Janus Henderson Group PLC Raises Position in TPG Inc. $TPG

Janus Henderson Group PLC increased its stake in TPG Inc. (NASDAQ:TPG) by 40.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,112 shares of the company’s stock after acquiring an additional 24,411 shares during the period. Janus Henderson Group PLC’s holdings in TPG were worth $3,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Osaic Holdings Inc. increased its position in shares of TPG by 12.1% during the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after purchasing an additional 234 shares in the last quarter. Lazard Asset Management LLC lifted its stake in TPG by 3.1% in the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after buying an additional 238 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its holdings in shares of TPG by 2.5% in the third quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock valued at $589,000 after acquiring an additional 253 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TPG by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock valued at $57,000 after purchasing an additional 273 shares during the last quarter. Finally, CWM LLC increased its stake in TPG by 22.2% in the fourth quarter. CWM LLC now owns 1,500 shares of the company’s stock valued at $96,000 after purchasing an additional 273 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Performance

Shares of TPG stock opened at $48.99 on Friday. The stock has a fifty day moving average price of $42.74 and a 200 day moving average price of $44.57. The stock has a market cap of $18.83 billion, a PE ratio of 74.23, a P/E/G ratio of 0.85 and a beta of 1.44. TPG Inc. has a 1 year low of $36.95 and a 1 year high of $70.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.31.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $628.19 million for the quarter, compared to analyst estimates of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%.TPG’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Sell-side analysts forecast that TPG Inc. will post 2.84 earnings per share for the current fiscal year.

TPG Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, August 14th. TPG’s dividend payout ratio is 357.58%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TPG. Citigroup restated an “outperform” rating on shares of TPG in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of TPG from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. TD Cowen raised shares of TPG from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Thursday. Weiss Ratings cut TPG from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $62.00 price target on shares of TPG in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.33.

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.