TPG Inc. $TPG Position Trimmed by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC trimmed its holdings in TPG Inc. by 1.8%, now owning approximately 1.74 million shares, valued at $91.4 million.
• Analysts have set various price targets for TPG, with a consensus target price of $64.50 and ratings ranging from "Strong Buy" to "Hold".
• TPG recently increased its quarterly dividend to $0.59 per share, reflecting a dividend yield of 4.3%, up from the previous dividend of $0.41.

William Blair Investment Management LLC decreased its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,742,956 shares of the company's stock after selling 32,557 shares during the period. William Blair Investment Management LLC owned about 0.47% of TPG worth $91,418,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TPG. Allworth Financial LP grew its position in TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company's stock valued at $30,000 after purchasing an additional 369 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of TPG by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 945 shares of the company's stock valued at $50,000 after acquiring an additional 338 shares in the last quarter. Signaturefd LLC grew its holdings in shares of TPG by 27.0% during the 1st quarter. Signaturefd LLC now owns 1,443 shares of the company's stock valued at $68,000 after acquiring an additional 307 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of TPG by 43.8% in the second quarter. Parallel Advisors LLC now owns 1,380 shares of the company's stock worth $72,000 after acquiring an additional 420 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of TPG by 43.1% during the first quarter. Comerica Bank now owns 1,545 shares of the company's stock worth $73,000 after acquiring an additional 465 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on TPG. Wolfe Research assumed coverage on TPG in a research report on Friday, June 20th. They issued an "outperform" rating and a $60.00 target price on the stock. BNP Paribas Exane upgraded TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price objective on the stock in a report on Wednesday, July 30th. Citigroup reduced their target price on shares of TPG from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Monday, October 13th. Bank of America increased their price target on shares of TPG from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, October 3rd. Finally, Evercore ISI raised their price target on shares of TPG from $52.00 to $60.00 and gave the company an "in-line" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, TPG currently has an average rating of "Moderate Buy" and a consensus target price of $64.50.

TPG Price Performance

Shares of TPG stock opened at $54.90 on Friday. The firm has a fifty day simple moving average of $59.94 and a 200-day simple moving average of $53.67. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of -288.95, a PEG ratio of 1.00 and a beta of 1.53.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.24. The business had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. TPG's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. On average, sell-side analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.36 annualized dividend and a dividend yield of 4.3%. This is a boost from TPG's previous quarterly dividend of $0.41. TPG's payout ratio is presently -1,242.11%.

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.

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