Capital World Investors Has $182.53 Million Stock Position in TPG Inc. $TPG

Capital World Investors lifted its stake in TPG Inc. (NASDAQ:TPG) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,859,230 shares of the company’s stock after acquiring an additional 13,116 shares during the period. Capital World Investors owned approximately 0.76% of TPG worth $182,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of TPG in the fourth quarter worth $38,000. EverSource Wealth Advisors LLC grew its stake in shares of TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after acquiring an additional 649 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TPG by 268.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after acquiring an additional 524 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after purchasing an additional 566 shares during the period. Finally, Optiver Holding B.V. bought a new position in TPG in the third quarter worth $51,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TPG shares. Morgan Stanley set a $60.00 target price on TPG in a research report on Tuesday, April 21st. TD Cowen reduced their target price on TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $61.00 target price on shares of TPG in a research report on Tuesday, May 5th. Weiss Ratings cut TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Evercore set a $47.00 target price on TPG in a research report on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.75.

TPG Stock Up 0.0%

Shares of NASDAQ TPG opened at $41.20 on Tuesday. The stock has a market cap of $15.83 billion, a PE ratio of 187.28, a PEG ratio of 0.74 and a beta of 1.44. The business has a fifty day moving average of $41.90 and a two-hundred day moving average of $50.83. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The business’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. As a group, equities research analysts expect that TPG Inc. will post 2.86 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.7%. TPG’s dividend payout ratio (DPR) is presently 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.