First Trust Advisors LP Has $15.22 Million Stake in TPG Inc. $TPG

First Trust Advisors LP reduced its stake in shares of TPG Inc. (NASDAQ:TPG) by 55.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 375,675 shares of the company’s stock after selling 462,292 shares during the period. First Trust Advisors LP’s holdings in TPG were worth $15,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC bought a new stake in TPG during the fourth quarter worth about $13,630,000. Private Wealth Partners LLC raised its stake in shares of TPG by 95.7% during the 4th quarter. Private Wealth Partners LLC now owns 222,900 shares of the company’s stock worth $14,230,000 after purchasing an additional 109,020 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of TPG by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock valued at $810,827,000 after buying an additional 314,295 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of TPG in the third quarter valued at $3,221,000. Finally, Frank Rimerman Advisors LLC grew its stake in shares of TPG by 173.8% in the first quarter. Frank Rimerman Advisors LLC now owns 42,533 shares of the company’s stock valued at $1,723,000 after buying an additional 26,998 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of TPG to a “moderate buy” rating in a research report on Monday, July 20th. Citigroup restated an “outperform” rating on shares of TPG in a research note on Thursday, July 9th. Citizens Jmp reduced their price target on TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Morgan Stanley dropped their price objective on TPG from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Finally, TD Cowen cut their price objective on TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.43.

TPG Stock Performance

Shares of NASDAQ TPG opened at $42.70 on Friday. 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 stock’s fifty day moving average price is $42.07 and its two-hundred day moving average price is $45.21. TPG Inc. has a one year low of $36.95 and a one year high of $70.38. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 194.10, a P/E/G ratio of 0.78 and a beta of 1.45.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The firm had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $608.07 million. During the same quarter last year, the business earned $0.48 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities analysts forecast that TPG Inc. will post 2.83 EPS for the current year.

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.