TPG Inc. $TPG Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its TPG stake by 24.7% in the first quarter, adding 63,818 shares to own 322,077 shares valued at approximately $13.0 million. Institutional investors and hedge funds collectively own 94.03% of TPG.
• TPG exceeded quarterly expectations, reporting $0.69 in EPS versus the $0.59 consensus and revenue of $628.19 million, up 23.9% year over year. Shares opened at $48.99, while analysts’ consensus target price is $63.33 and the overall rating is “Moderate Buy.”
• TPG declared a quarterly dividend of $0.59 per share, equivalent to an annualized $2.36 payout and a 4.8% yield. The dividend’s payout ratio is elevated at 357.58%, with the ex-dividend date set for August 14.

Dimensional Fund Advisors LP grew its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 24.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 322,077 shares of the company's stock after buying an additional 63,818 shares during the period. Dimensional Fund Advisors LP owned 0.08% of TPG worth $13,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in TPG. Comerica Bank raised its position in shares of TPG by 43.1% during the 1st 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. Royal Bank of Canada boosted its holdings in TPG by 86.3% in the first quarter. Royal Bank of Canada now owns 7,901 shares of the company's stock valued at $375,000 after purchasing an additional 3,659 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in TPG by 4,109.1% in the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company's stock valued at $27,083,000 after purchasing an additional 557,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in TPG by 156.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company's stock valued at $22,941,000 after purchasing an additional 294,941 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in TPG during the second quarter worth approximately $216,000. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

Shares of NASDAQ TPG opened at $48.99 on Friday. The stock has a market cap of $18.83 billion, a P/E ratio of 74.23, a P/E/G ratio of 0.86 and a beta of 1.44. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The stock has a 50 day moving average of $42.74 and a two-hundred day moving average of $44.57. The company has a current ratio of 0.31, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.10. The business had revenue of $628.19 million for the quarter, compared to analyst estimates of $596.79 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. The company's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. On average, research analysts forecast that TPG Inc. will post 2.85 earnings per share for the current year.

TPG Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a yield of 4.8%. TPG's dividend payout ratio is currently 357.58%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Evercore set a $50.00 price objective on shares of TPG in a research report on Wednesday. Weiss Ratings downgraded shares of TPG from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, July 31st. Morgan Stanley cut their price target 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. Citigroup restated an "outperform" rating on shares of TPG in a research note on Thursday, July 9th. Finally, Citizens Jmp dropped their price objective on TPG from $75.00 to $68.00 and set a "market outperform" rating on the stock in a report on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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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