TPG Inc. $TPG Shares Purchased by Franklin Resources Inc.

Key Points

• Franklin Resources boosted its stake in TPG by 18.9% in Q3, buying 425,223 shares to own 2,672,272 shares worth $153.52 million (about 0.71% of the company).
• TPG raised its quarterly dividend to $0.61 (annualized $2.44) for a 6.2% yield despite a very high payout ratio (554.55%); the company also beat quarterly EPS estimates ($0.85 vs. $0.65) with revenue up 35.6% year-over-year to $1.49 billion.
• Analysts have a consensus rating of “Moderate Buy” with a $66.80 price target, while institutional ownership is very high at about 94.03% and the stock trades near $39 with a market cap of $15.01 billion.

Franklin Resources Inc. boosted its stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 18.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,672,272 shares of the company's stock after buying an additional 425,223 shares during the period. Franklin Resources Inc. owned 0.71% of TPG worth $153,522,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TPG. Comerica Bank increased its stake in shares of TPG by 43.1% in the 1st quarter. Comerica Bank now owns 1,545 shares of the company's stock worth $73,000 after acquiring an additional 465 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of 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 during the period. Goldman Sachs Group Inc. increased its position in TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company's stock worth $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 position in TPG by 156.3% during 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 worth $22,941,000 after purchasing an additional 294,941 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in TPG by 24.6% during the second quarter. Envestnet Asset Management Inc. now owns 8,936 shares of the company's stock worth $469,000 after purchasing an additional 1,762 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on TPG. Citigroup upgraded shares of TPG to an "outperform" rating in a report on Monday, February 9th. TD Cowen reaffirmed a "hold" rating on shares of TPG in a research report on Wednesday, January 14th. UBS Group decreased their price objective on TPG from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of TPG in a research report on Monday, December 29th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $80.00 target price on shares of TPG in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.80.

TPG Stock Performance

Shares of TPG stock opened at $39.06 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $15.01 billion, a P/E ratio of 88.77, a P/E/G ratio of 0.59 and a beta of 1.55. The firm's 50 day moving average price is $54.44 and its 200-day moving average price is $57.81. TPG Inc. has a one year low of $37.52 and a one year high of $70.38.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.20. TPG had a net margin of 3.95% and a return on equity of 26.02%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. During the same quarter last year, the firm earned $0.62 EPS. The firm's revenue for the quarter was up 35.6% on a year-over-year basis. As a group, equities research analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were issued a $0.61 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.44 annualized dividend and a dividend yield of 6.2%. This is a boost from TPG's previous quarterly dividend of $0.45. TPG's dividend payout ratio (DPR) is presently 554.55%.

TPG Company Profile

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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