Corient Private Wealth LP Increases Stock Holdings in TPG Inc. $TPG

Key Points

• Institutional ownership increased: Corient Private Wealth LP raised its TPG holdings by 232.1% to 67,268 shares, while institutional investors and hedge funds collectively own 94.03% of the stock.
• Analysts remain broadly positive: TPG has a “Moderate Buy” consensus rating from 17 analysts, with an average price target of $63.33 versus its reported price of $46.52.
• Quarterly results beat expectations: TPG reported earnings of $0.69 per share and revenue of $628.19 million, exceeding estimates, while revenue grew 23.9% year over year. The company also paid a $0.59 quarterly dividend, representing a 5.1% annualized yield.

Corient Private Wealth LP lifted its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 232.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,268 shares of the company's stock after purchasing an additional 47,013 shares during the period. Corient Private Wealth LP's holdings in TPG were worth $2,728,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its holdings in TPG by 38.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,019,487 shares of the company's stock worth $446,840,000 after purchasing an additional 3,041,560 shares during the period. Jackson Brooke LLC acquired a new position in shares of TPG during the second quarter worth about $92,395,080. Millennium Management LLC increased its stake in shares of TPG by 66.9% during the fourth quarter. Millennium Management LLC now owns 4,584,733 shares of the company's stock worth $292,689,000 after buying an additional 1,837,799 shares during the period. Norges Bank acquired a new stake in TPG in the fourth quarter valued at approximately $106,755,000. Finally, Temasek Holdings Private Ltd lifted its stake in TPG by 14.1% in the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company's stock worth $406,239,000 after acquiring an additional 1,236,526 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on TPG shares. TD Cowen upgraded shares of TPG from a "hold" rating to a "buy" rating and set a $64.00 target price for the company in a research note on Thursday, August 6th. Wall Street Zen raised TPG from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Morgan Stanley cut their target price on TPG from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $62.00 price target on shares of TPG in a report on Wednesday, August 5th. Finally, Evercore set a $50.00 price objective on shares of TPG in a report on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, TPG has an average rating of "Moderate Buy" and an average target price of $63.33.

TPG Stock Performance

NASDAQ TPG opened at $46.52 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38. The business's 50-day moving average price is $48.47 and its 200 day moving average price is $44.10. The firm has a market cap of $17.88 billion, a P/E ratio of 70.49, a P/E/G ratio of 0.77 and a beta of 1.47.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, beating 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 firm had revenue of $628.19 million during the quarter, compared to the consensus estimate of $596.79 million. During the same period in the prior year, the business earned $0.69 EPS. The firm's revenue was up 23.9% compared to the same quarter last year. On average, equities research analysts expect that TPG Inc. will post 2.88 earnings per share for the current year.

TPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.59 per share. The ex-dividend date was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a yield of 5.1%. TPG's dividend payout ratio is presently 357.58%.

TPG Company Profile

TPG Inc NASDAQ: TPG is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit and market solutions. The company manages investment funds and strategies for institutional investors, family offices, sovereign wealth funds, and other clients.

Through its various investment platforms, TPG provides capital to companies at different stages of development and across multiple industries. Its activities include acquiring and supporting established businesses, investing in high-growth companies, financing real estate and credit opportunities, and pursuing investments intended to generate both financial and social or environmental impact.

TPG was founded in 1992 by David Bonderman and James Coulter.

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