Teacher Retirement System of Texas Grows Position in TPG Inc. $TPG

Teacher Retirement System of Texas increased its stake in shares of TPG Inc. (NASDAQ:TPG) by 74.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,893 shares of the company’s stock after acquiring an additional 8,504 shares during the quarter. Teacher Retirement System of Texas’ holdings in TPG were worth $1,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in TPG by 3.1% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,828 shares of the company’s stock worth $411,000 after purchasing an additional 238 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of TPG by 3.0% in the second quarter. QRG Capital Management Inc. now owns 8,251 shares of the company’s stock worth $433,000 after purchasing an additional 241 shares during the last quarter. Signaturefd LLC lifted its position in shares of TPG by 27.0% in the first quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock worth $68,000 after buying an additional 307 shares in the last quarter. GAMMA Investing LLC boosted its stake in TPG by 55.7% during the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock valued at $50,000 after buying an additional 338 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $30,000 after buying an additional 369 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TPG. Wells Fargo & Company upped their price objective on TPG from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. JPMorgan Chase & Co. decreased their price target on shares of TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of TPG in a research report on Wednesday, October 8th. Citigroup dropped their price objective on shares of TPG from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Bank of America upped their target price on shares of TPG from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, TPG has a consensus rating of “Moderate Buy” and a consensus price target of $66.79.

TPG Stock Performance

TPG stock opened at $54.67 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.40. The firm has a market capitalization of $20.66 billion, a P/E ratio of 607.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.52. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The company’s 50-day moving average is $58.23 and its 200 day moving average is $54.91.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, November 4th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). TPG had a net margin of 2.83% and a return on equity of 25.79%. The business had revenue of $596.50 million for the quarter, compared to the consensus estimate of $510.32 million. During the same period in the prior year, the company posted $0.45 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. TPG’s dividend payout ratio is -1,242.11%.

TPG Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.