Temasek Holdings Private Ltd Buys 4,548,452 Shares of TPG Inc. $TPG

Key Points

• Temasek Holdings increased its stake in TPG Inc. by 114.2%, acquiring an additional 4,548,452 shares, bringing their total to approximately 8.53 million shares, equivalent to 1.6% of their portfolio.
• TPG recently reported quarterly earnings of $0.69 per share, exceeding analysts' expectations, and announced a dividend increase to $0.59 per share, reflecting a positive change from the previous $0.41 dividend.
• Most analysts have a consensus rating of "Moderate Buy" for TPG, with target prices ranging between $56.00 and $69.00, highlighting strong institutional interest with 94.03% of shares held by institutional investors.

Temasek Holdings Private Ltd raised its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 114.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,529,631 shares of the company's stock after purchasing an additional 4,548,452 shares during the period. TPG accounts for approximately 1.6% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 17th biggest position. Temasek Holdings Private Ltd owned approximately 2.31% of TPG worth $404,560,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TPG. Wellington Management Group LLP boosted its holdings in shares of TPG by 69.1% during the first quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company's stock worth $507,177,000 after acquiring an additional 4,369,618 shares during the period. Vanguard Group Inc. boosted its stake in TPG by 12.5% in the 1st quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company's stock valued at $441,254,000 after purchasing an additional 1,037,225 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in TPG by 18.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,669,590 shares of the company's stock valued at $126,619,000 after buying an additional 416,520 shares in the last quarter. Millennium Management LLC increased its position in TPG by 66.8% during the 4th quarter. Millennium Management LLC now owns 2,243,815 shares of the company's stock worth $141,001,000 after buying an additional 898,943 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of TPG by 28.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,201,727 shares of the company's stock valued at $104,428,000 after acquiring an additional 481,418 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

TPG Stock Up 1.7%

NASDAQ:TPG traded up $1.02 on Wednesday, hitting $59.97. The stock had a trading volume of 1,684,845 shares, compared to its average volume of 1,700,958. The stock has a market cap of $22.66 billion, a P/E ratio of -315.63, a price-to-earnings-growth ratio of 1.24 and a beta of 1.56. The firm's fifty day simple moving average is $58.37 and its two-hundred day simple moving average is $52.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98.

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

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.59 dividend. This is an increase from TPG's previous quarterly dividend of $0.41. This represents a $2.36 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, August 18th. TPG's dividend payout ratio (DPR) is presently -1,242.11%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TPG shares. Citigroup lifted their price objective on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Wolfe Research assumed coverage on shares of TPG in a research note on Friday, June 20th. They set an "outperform" rating and a $60.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 11th. BNP Paribas raised shares of TPG to a "strong-buy" rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group raised their target price on TPG from $61.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.57.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,796 shares of TPG stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the completion of the sale, the director owned 16,807 shares of the company's stock, valued at $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company 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.