Boston Partners Buys Shares of 161,289 TPG Inc. $TPG

Boston Partners purchased a new position in shares of TPG Inc. (NASDAQ:TPG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 161,289 shares of the company’s stock, valued at approximately $8,461,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. acquired a new stake in TPG during the 1st quarter worth approximately $237,000. Cresset Asset Management LLC purchased a new stake in shares of TPG during the first quarter worth $216,000. T. Rowe Price Investment Management Inc. increased its position in shares of TPG by 28.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,201,727 shares of the company’s stock worth $104,428,000 after acquiring an additional 481,418 shares during the period. Partners Group Holding AG raised its stake in shares of TPG by 53.2% in the first quarter. Partners Group Holding AG now owns 528,824 shares of the company’s stock valued at $25,082,000 after acquiring an additional 183,570 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its holdings in TPG by 38.8% in the second quarter. Clear Harbor Asset Management LLC now owns 76,985 shares of the company’s stock valued at $4,038,000 after purchasing an additional 21,522 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of NASDAQ:TPG opened at $57.87 on Friday. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. The firm has a market capitalization of $21.87 billion, a P/E ratio of 643.00, a P/E/G ratio of 1.07 and a beta of 1.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The company’s fifty day moving average price is $57.97 and its 200 day moving average price is $55.34.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). TPG had a net margin of 2.83% and a return on equity of 25.79%. The company had revenue of $509.40 million during the quarter, compared to analyst estimates of $510.32 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, November 14th. TPG’s dividend payout ratio (DPR) is currently 2,622.22%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BNP Paribas Exane upgraded TPG from a “neutral” rating to an “outperform” rating and set a $69.00 price target on the stock in a report on Wednesday, July 30th. UBS Group set a $78.00 target price on shares of TPG in a research note on Monday, October 6th. Evercore ISI raised their target price on shares of TPG from $52.00 to $60.00 and gave the company an “in-line” rating in a report on Friday, August 8th. TD Cowen boosted their price target on shares of TPG from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Finally, Citigroup reduced their price objective on shares of TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.62.

TPG Company 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.