Vanguard Group Inc. Acquires 56,490 Shares of TPG Inc. $TPG

Vanguard Group Inc. increased its holdings in shares of TPG Inc. (NASDAQ:TPG) by 0.5% during the third quarter, Holdings Channel.com reports. The firm owned 12,386,633 shares of the company’s stock after buying an additional 56,490 shares during the period. Vanguard Group Inc.’s holdings in TPG were worth $711,612,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TPG. Darlington Partners Capital Management LP purchased a new stake in TPG during the second quarter worth $258,581,000. Norges Bank purchased a new position in shares of TPG in the 2nd quarter valued at $83,794,000. Balyasny Asset Management L.P. bought a new position in shares of TPG in the 2nd quarter worth $54,088,000. Geode Capital Management LLC lifted its stake in shares of TPG by 30.8% during the 2nd 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 last quarter. Finally, Goldman Sachs Group Inc. boosted its position in TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after purchasing an additional 557,438 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TPG shares. Royal Bank Of Canada assumed coverage on shares of TPG in a report on Monday. They issued an “outperform” rating and a $59.00 target price for the company. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of TPG in a research report on Wednesday, January 7th. TD Cowen restated a “hold” rating on shares of TPG in a research note on Wednesday, January 14th. Barclays set a $69.00 price target on TPG in a research report on Friday, February 6th. Finally, Evercore set a $56.00 target price on TPG in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.67.

TPG Price Performance

NASDAQ TPG opened at $42.34 on Tuesday. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 96.23, a PEG ratio of 0.66 and a beta of 1.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The stock’s fifty day moving average price is $60.07 and its 200 day moving average price is $59.48. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $70.38.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share 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 business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $548.40 million. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. As a group, equities research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.44 dividend on an annualized basis and a yield of 5.8%. This is a boost from TPG’s previous quarterly dividend of $0.45. TPG’s payout ratio is 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.