Public Employees Retirement System of Ohio Makes New $1.72 Million Investment in TPG Inc. $TPG

Public Employees Retirement System of Ohio bought a new stake in TPG Inc. (NASDAQ:TPG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 42,420 shares of the company’s stock, valued at approximately $1,720,000.

Several other hedge funds have also added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new stake in TPG during the second quarter worth approximately $527,000. Jackson Brooke LLC bought a new stake in TPG during the second quarter worth about $92,395,080. Bank of New York Mellon Corp bought a new stake in shares of TPG during the 2nd quarter worth approximately $28,013,000. Assenagon Asset Management S.A. lifted its stake in TPG by 410.7% during the second quarter. Assenagon Asset Management S.A. now owns 401,268 shares of the company’s stock worth $16,271,000 after purchasing an additional 322,701 shares during the last quarter. Finally, CX Institutional boosted its stake in TPG by 481.4% in the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after buying an additional 544 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Performance

Shares of TPG stock opened at $52.65 on Monday. The company has a market capitalization of $20.23 billion, a PE ratio of 79.77, a price-to-earnings-growth ratio of 0.88 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. The business’s fifty day moving average is $47.05 and its 200 day moving average is $43.84. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10. TPG had a return on equity of 28.10% and a net margin of 4.67%.The company had revenue of $628.19 million during the quarter, compared to analyst estimates of $596.79 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. TPG’s revenue was up 23.9% on a year-over-year basis. On average, equities research analysts anticipate that TPG Inc. will post 2.88 EPS for the current fiscal year.

TPG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 4.5%. TPG’s dividend payout ratio is currently 357.58%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TPG shares. Evercore set a $50.00 target price on shares of TPG in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $62.00 target price on shares of TPG in a research note on Wednesday, August 5th. Wall Street Zen upgraded TPG from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings raised shares of TPG from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Citizens Jmp reduced their target price on TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.33.

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.