Capital International Investors Purchases 52,213 Shares of TPG Inc. $TPG

Capital International Investors boosted its position in shares of TPG Inc. (NASDAQ:TPG) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,734,677 shares of the company’s stock after purchasing an additional 52,213 shares during the period. Capital International Investors’ holdings in TPG were worth $749,142,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TPG. Comerica Bank lifted its holdings in TPG by 43.1% during the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after purchasing an additional 465 shares during the last quarter. Royal Bank of Canada raised its stake in shares of TPG by 86.3% in the first quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock worth $375,000 after acquiring an additional 3,659 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of TPG by 4,109.1% in the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after acquiring an additional 557,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of TPG by 156.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after acquiring an additional 294,941 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of TPG in the second quarter worth about $216,000. 94.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

TPG has been the subject of a number of research analyst reports. TD Cowen dropped their target price on shares of TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Evercore set a $47.00 target price on shares of TPG in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $55.00 target price on shares of TPG in a research note on Monday, May 4th. Wall Street Zen raised shares of TPG from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, UBS Group boosted their target price on shares of TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.75.

TPG Stock Performance

TPG opened at $41.19 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 187.24, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The firm has a 50 day simple moving average of $41.88 and a 200 day simple moving average of $50.92. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. TPG’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, sell-side analysts anticipate that TPG Inc. will post 2.86 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s payout ratio is 1,072.73%.

TPG 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.