Capital World Investors Has $163.51 Million Stake in TPG Inc. $TPG

Key Points

• Capital World Investors increased its stake in TPG Inc. by 5.3% to 2,846,114 shares, worth about $163.51 million and representing roughly 0.75% of the company.
• TPG beat quarterly expectations, reporting $0.85 EPS (vs. $0.65 expected) and $1.49 billion in revenue (+35.6% year-over-year), with analysts forecasting about 2.52 EPS for the fiscal year.
• TPG raised its quarterly dividend to $0.61 (annualized $2.44) for a yield of ~6.0%, although the payout ratio is an elevated 554.6%.

Capital World Investors increased its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,846,114 shares of the company's stock after purchasing an additional 143,055 shares during the period. Capital World Investors owned approximately 0.75% of TPG worth $163,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 buying an additional 524 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company's stock worth $45,000 after buying an additional 566 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of TPG during the third quarter worth $51,000. MAI Capital Management boosted its position in shares of TPG by 572.3% in the second quarter. MAI Capital Management now owns 1,190 shares of the company's stock valued at $62,000 after acquiring an additional 1,013 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of TPG by 54.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,084 shares of the company's stock valued at $62,000 after acquiring an additional 382 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TPG has been the topic of a number of recent research reports. Morgan Stanley set a $67.00 price target on shares of TPG in a research report on Tuesday, January 27th. Citigroup upgraded shares of TPG to an "outperform" rating in a research report on Monday, February 9th. Citizens Jmp raised shares of TPG from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a report on Monday, February 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of TPG in a research report on Monday, December 29th. Finally, UBS Group cut their price target on TPG from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $66.80.

TPG Stock Performance

Shares of TPG stock opened at $40.68 on Thursday. The company's 50 day moving average price is $54.94 and its two-hundred day moving average price is $57.95. The firm has a market capitalization of $15.63 billion, a P/E ratio of 92.46, a P/E/G ratio of 0.62 and a beta of 1.55. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $70.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.20. TPG had a net margin of 3.95% and a return on equity of 26.02%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. During the same period in the prior year, the business earned $0.62 earnings per share. The company's revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Thursday, February 19th. This is a boost from TPG's previous quarterly dividend of $0.45. TPG's payout ratio is currently 554.55%.

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.

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