TPG Inc. $TPG Shares Newly Bought by Stableford Capital II LLC

Stableford Capital II LLC bought a new stake in shares of TPG Inc. (NASDAQ:TPG) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 29,186 shares of the company’s stock, valued at approximately $1,288,000.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. grew its position in TPG by 3.0% in the second quarter. QRG Capital Management Inc. now owns 8,145 shares of the company’s stock worth $330,000 after acquiring an additional 237 shares in the last quarter. Parallel Advisors LLC increased its stake in TPG by 15.5% during the first quarter. Parallel Advisors LLC now owns 2,089 shares of the company’s stock worth $85,000 after acquiring an additional 281 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in TPG by 1.0% during the first quarter. Public Employees Retirement System of Ohio now owns 40,859 shares of the company’s stock valued at $1,655,000 after purchasing an additional 404 shares during the period. CX Institutional raised its position in TPG by 481.4% during the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after purchasing an additional 544 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of TPG by 11.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,201 shares of the company’s stock valued at $211,000 after purchasing an additional 555 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Trading Up 1.6%

Shares of NASDAQ TPG opened at $45.24 on Friday. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. 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 company has a market cap of $17.39 billion, a price-to-earnings ratio of 68.55, a PEG ratio of 0.79 and a beta of 1.49. The business’s 50 day moving average price is $48.84 and its 200-day moving average price is $44.36.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. The company had revenue of $628.19 million during the quarter, compared to analysts’ expectations of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%.TPG’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. On average, sell-side analysts expect that TPG Inc. will post 2.83 earnings per share for the current year.

TPG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, August 14th. TPG’s dividend payout ratio (DPR) is 357.58%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. BMO Capital Markets lowered their price target on TPG from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Morgan Stanley dropped their price objective on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Wells Fargo & Company initiated coverage on shares of TPG in a research report on Friday, October 2nd. They set an “equal weight” rating and a $47.00 price objective on the stock. Finally, Citizens Jmp reduced their target price on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

TPG Company Profile

TPG Inc is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit strategies. The company manages capital on behalf of institutional investors, sovereign wealth funds, family offices, and other clients, with investments spanning a range of industries and stages of business development.

TPG operates through investment platforms that include TPG Capital, TPG Growth, TPG Rise, TPG Real Estate, and TPG Angelo Gordon.