Grafton Street Partners Fund LP Acquires 136,973 Shares of TPG Inc. $TPG

Key Points

• Grafton Street Partners Fund LP increased its stake in TPG Inc. by 51.5%, owning approximately $19.11 million worth of shares, making it the largest position in their portfolio.
• TPG recently reported a quarterly EPS of $0.69, exceeding expectations, along with an 8.9% increase in revenue year-over-year totaling $495.12 million.
• The company declared a quarterly dividend of $0.59, a notable increase from the previous dividend of $0.41, marking a 3.9% dividend yield.

Grafton Street Partners Fund LP lifted its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 51.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,865 shares of the company's stock after buying an additional 136,973 shares during the period. TPG comprises about 14.7% of Grafton Street Partners Fund LP's investment portfolio, making the stock its largest holding. Grafton Street Partners Fund LP owned 0.11% of TPG worth $19,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in TPG by 69.1% during the first quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company's stock valued at $507,177,000 after purchasing an additional 4,369,618 shares during the last quarter. Vulcan Value Partners LLC acquired a new stake in TPG in the first quarter valued at $86,332,000. Vanguard Group Inc. lifted its stake in TPG by 12.5% in the first quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company's stock valued at $441,254,000 after acquiring an additional 1,037,225 shares during the last quarter. Millennium Management LLC lifted its stake in TPG by 66.8% in the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company's stock valued at $141,001,000 after acquiring an additional 898,943 shares during the last quarter. Finally, CW Advisors LLC acquired a new stake in TPG in the first quarter valued at $36,780,000. Institutional investors own 94.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TPG. Wolfe Research initiated coverage on TPG in a report on Friday, June 20th. They set an "outperform" rating and a $60.00 target price on the stock. BNP Paribas upgraded TPG to a "strong-buy" rating in a research note on Wednesday, July 30th. Citigroup upped their target price on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Evercore ISI upped their target price on TPG from $52.00 to $60.00 and gave the company an "in-line" rating in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on TPG from $56.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.57.

TPG Price Performance

TPG traded down $1.45 during trading on Tuesday, hitting $58.90. 2,492,908 shares of the stock traded hands, compared to its average volume of 1,706,534. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The company has a market cap of $22.26 billion, a price-to-earnings ratio of -310.00, a PEG ratio of 1.26 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50 day moving average price of $57.63 and a 200 day moving average price of $51.96.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.45 by $0.24. The business had revenue of $495.12 million during the quarter, compared to the consensus estimate of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The company's revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. Equities research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, August 18th. This is a boost from TPG's previous quarterly dividend of $0.41. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.0%. TPG's payout ratio is presently -1,242.11%.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total transaction of $101,150.72. Following the sale, the director owned 16,807 shares of the company's stock, valued at approximately $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 76.48% of the company's stock.

TPG Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.