TPG Inc. $TPG Holdings Lifted by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its TPG holdings by 133.5% in the first quarter, bringing its position to 49,626 shares valued at approximately $2.01 million. Institutional investors and hedge funds collectively own 94.03% of TPG.
• TPG reported quarterly earnings of $0.69 per share, exceeding analysts’ $0.59 estimate, while revenue rose 23.9% year over year to $628.19 million. The company also declared a $0.59 quarterly dividend, representing a 4.7% yield.
• Analysts maintain a “Moderate Buy” consensus on TPG, with an average price target of $63.33 compared with the stock’s reported $50.60 price. Recent ratings included upgrades from TD Cowen and Wall Street Zen, while Morgan Stanley lowered its target to $54.

Quantinno Capital Management LP grew its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 133.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,626 shares of the company's stock after buying an additional 28,371 shares during the period. Quantinno Capital Management LP's holdings in TPG were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Darlington Partners Capital Management LP acquired a new stake in TPG in the 2nd quarter valued at approximately $258,581,000. Millennium Management LLC boosted its position in TPG by 66.9% during the 4th quarter. Millennium Management LLC now owns 4,584,733 shares of the company's stock worth $292,689,000 after acquiring an additional 1,837,799 shares during the period. Norges Bank acquired a new position in TPG during the 4th quarter worth $106,755,000. Bank of America Corp DE grew its stake in shares of TPG by 72.7% in the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company's stock worth $204,960,000 after purchasing an additional 1,501,808 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its holdings in shares of TPG by 14.1% during the first quarter. Temasek Holdings Private Ltd now owns 10,028,107 shares of the company's stock valued at $406,239,000 after purchasing an additional 1,236,526 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Performance

TPG stock opened at $50.60 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $19.45 billion, a P/E ratio of 76.67, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The firm's 50 day simple moving average is $43.02 and its 200-day simple moving average is $44.22.

TPG (NASDAQ:TPG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, topping 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 business had revenue of $628.19 million during the quarter, compared to analysts' expectations of $596.79 million. During the same quarter last year, the firm posted $0.69 earnings per share. TPG's revenue was up 23.9% compared to the same quarter last year. As a group, equities research analysts predict that TPG Inc. will post 2.88 EPS for the current year.

TPG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, August 14th. TPG's payout ratio is 357.58%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TPG. Morgan Stanley cut their price objective on shares of TPG from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 21st. Wall Street Zen raised shares of TPG from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. The Goldman Sachs Group reiterated a "buy" rating and issued a $61.00 price objective on shares of TPG in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $62.00 price objective on shares of TPG in a research note on Wednesday, August 5th. Finally, TD Cowen raised TPG from a "hold" rating to a "buy" rating and set a $64.00 target price on the stock in a report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, TPG currently has a consensus rating of "Moderate Buy" and an average target price of $63.33.

About TPG

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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