American Century Companies Inc. Acquires 191,432 Shares of TPG Inc. $TPG

American Century Companies Inc. increased its holdings in shares of TPG Inc. (NASDAQ:TPG) by 22.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,051,782 shares of the company’s stock after acquiring an additional 191,432 shares during the quarter. American Century Companies Inc.’s holdings in TPG were worth $60,425,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in TPG during the second quarter worth $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after buying an additional 524 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after acquiring an additional 566 shares during the last quarter. Optiver Holding B.V. bought a new stake in TPG in the 3rd quarter valued at $51,000. Finally, MAI Capital Management boosted its position in shares of TPG by 572.3% in the second quarter. MAI Capital Management now owns 1,190 shares of the company’s stock valued at $62,000 after acquiring an additional 1,013 shares during the period. Institutional investors own 94.03% of the company’s stock.

TPG Stock Up 2.7%

TPG stock opened at $45.57 on Thursday. The company has a market capitalization of $17.51 billion, a PE ratio of 103.57, a PEG ratio of 0.62 and a beta of 1.55. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $70.38. The firm’s fifty day moving average is $57.13 and its 200 day moving average is $58.58. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

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 net margin of 3.95% and a return on equity of 26.02%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was up 35.6% compared to the same quarter last year. As a group, sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, February 19th. This is a positive change from TPG’s previous quarterly dividend of $0.45. TPG’s dividend payout ratio is presently 554.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TPG shares. JPMorgan Chase & Co. lowered their price objective on TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Evercore set a $56.00 target price on shares of TPG in a research report on Friday, February 6th. Barclays lowered their price objective on TPG from $69.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley set a $67.00 target price on TPG in a research report on Tuesday, January 27th. Finally, Citizens Jmp upgraded TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.80.

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.