TPG Inc. $TPG Stock Position Raised by Legal & General Group Plc

Legal & General Group Plc lifted its position in TPG Inc. (NASDAQ:TPG) by 142.1% in the 4th quarter, Holdings Channel reports. The fund owned 474,488 shares of the company’s stock after buying an additional 278,511 shares during the period. Legal & General Group Plc’s holdings in TPG were worth $30,291,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of TPG in the 4th quarter valued at approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock valued at $38,000 after acquiring an additional 524 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of TPG by 2,496.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after acquiring an additional 649 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after acquiring an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of TPG in the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TPG shares. TD Cowen reduced their price target on shares of TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Morgan Stanley set a $60.00 price target on shares of TPG in a research report on Tuesday, April 21st. Barclays upped their price target on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of TPG in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $61.00 target price on shares of TPG in a research report on Tuesday, May 5th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, TPG currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

TPG Stock Up 1.7%

TPG stock opened at $42.57 on Friday. TPG Inc. has a 12-month low of $36.95 and a 12-month high of $70.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 193.51, a PEG ratio of 0.77 and a beta of 1.47. The company has a 50 day moving average of $41.73 and a two-hundred day moving average of $51.49.

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

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a $0.59 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.36 dividend on an annualized basis and a yield of 5.5%. TPG’s dividend payout ratio 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.