Vulcan Value Partners LLC Boosts Stake in TPG Inc. $TPG

Key Points

• Vulcan Value Partners increased its TPG stake by 18.9% in the second quarter, adding 375,836 shares to own 2.36 million shares worth approximately $95.8 million. Institutional investors collectively hold 94.03% of TPG’s stock.
• TPG reported quarterly EPS of $0.69, beating estimates by $0.10, while revenue rose 23.9% year over year to $628.19 million. The company also maintains a quarterly dividend of $0.59 per share, representing a 4.6% annualized yield.
• Analysts remain generally positive, with 13 Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and an average price target of $63.33 versus the reported share price of $50.91.

Vulcan Value Partners LLC lifted its position in TPG Inc. (NASDAQ:TPG - Free Report) by 18.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,361,862 shares of the company's stock after purchasing an additional 375,836 shares during the quarter. TPG makes up 2.9% of Vulcan Value Partners LLC's investment portfolio, making the stock its 11th biggest holding. Vulcan Value Partners LLC owned about 0.61% of TPG worth $95,774,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TPG. CX Institutional boosted its holdings in shares of TPG by 481.4% in the second quarter. CX Institutional now owns 657 shares of the company's stock valued at $27,000 after acquiring an additional 544 shares during the period. International Assets Investment Management LLC acquired a new stake in TPG during the 4th quarter worth $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company's stock worth $38,000 after purchasing an additional 524 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company's stock valued at $43,000 after purchasing an additional 649 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company's stock valued at $45,000 after purchasing an additional 566 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

TPG Price Performance

NASDAQ:TPG traded down $1.74 during trading hours on Tuesday, hitting $50.91. The company's stock had a trading volume of 1,997,672 shares, compared to its average volume of 2,998,746. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.31 and a current ratio of 0.31. The business's 50-day moving average is $47.32 and its two-hundred day moving average is $43.88. The company has a market capitalization of $19.57 billion, a PE ratio of 77.14, a PEG ratio of 0.88 and a beta of 1.47.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. TPG had a net margin of 4.67% and a return on equity of 28.10%. The firm had revenue of $628.19 million during the quarter, compared to analysts' expectations of $596.79 million. During the same quarter last year, the business earned $0.69 earnings per share. The business's revenue for the quarter was up 23.9% compared to the same quarter last year. As a group, research analysts anticipate that TPG Inc. will post 2.88 EPS for the current fiscal year.

TPG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 4.6%. TPG's payout ratio is currently 357.58%.

Analysts Set New Price Targets

TPG has been the topic of a number of research reports. Citizens Jmp lowered their price target on TPG from $75.00 to $68.00 and set a "market outperform" rating on the stock in a report on Thursday, July 9th. Evercore set a $50.00 price objective on TPG in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $62.00 target price on shares of TPG in a research note on Wednesday, August 5th. TD Cowen upgraded TPG from a "hold" rating to a "buy" rating and set a $64.00 price target for the company in a research note on Thursday, August 6th. Finally, Barclays increased their price target on TPG from $58.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $63.33.

TPG 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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