TPG Inc. $TPG Position Lessened by Vulcan Value Partners LLC

Vulcan Value Partners LLC trimmed its position in shares of TPG Inc. (NASDAQ:TPG) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,721,916 shares of the company’s stock after selling 236,522 shares during the period. TPG comprises approximately 2.0% of Vulcan Value Partners LLC’s portfolio, making the stock its 15th biggest holding. Vulcan Value Partners LLC owned about 0.45% of TPG worth $110,024,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several equities analysts have weighed in on TPG shares. Morgan Stanley set a $60.00 target price on TPG in a report on Tuesday, April 21st. Citizens Jmp raised 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $61.00 price target on shares of TPG in a research report on Tuesday, May 5th. Evercore set a $47.00 price target on TPG in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TPG in a research report on Wednesday, March 4th. Twelve research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.75.

TPG Stock Down 0.1%

TPG stock opened at $41.61 on Thursday. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The company has a market cap of $15.99 billion, a PE ratio of 189.14, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47. The business’s 50-day simple moving average is $41.68 and its 200 day simple moving average is $51.65. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last released its 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. TPG had a return on equity of 28.13% and a net margin of 3.81%.The business had revenue of $557.18 million for the quarter, compared to the consensus estimate of $608.07 million. During the same period last year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts anticipate that TPG Inc. will post 2.86 earnings per share for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given 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 yield of 5.7%. TPG’s dividend payout ratio (DPR) is 1,072.73%.

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.