Wellington Management Group LLP Has $446.84 Million Stock Holdings in TPG Inc. $TPG

Key Points

• Wellington Management increased its TPG stake by 38.1% in the second quarter, adding 3.04 million shares to hold 11.02 million shares worth approximately $446.84 million, or 2.87% of the company.
• Institutional investors and hedge funds own 94.03% of TPG, with several major firms—including Darlington Partners, Millennium Management, Norges Bank and Bank of America—also increasing or initiating positions.
• TPG exceeded quarterly earnings expectations, reporting $0.69 in EPS and $628.19 million in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $63.33. The company also declared a quarterly dividend of $0.59 per share, representing a 4.4% annualized yield.

Wellington Management Group LLP increased its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 38.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,019,487 shares of the company's stock after acquiring an additional 3,041,560 shares during the period. Wellington Management Group LLP owned about 2.87% of TPG worth $446,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Darlington Partners Capital Management LP purchased a new position in TPG in the second quarter valued at about $258,581,000. Jackson Brooke LLC purchased a new stake in shares of TPG during the 2nd quarter worth about $92,395,080. Millennium Management LLC raised its stake in shares of 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 purchasing an additional 1,837,799 shares in the last quarter. Norges Bank acquired a new stake in shares of TPG during the 4th quarter valued at about $106,755,000. Finally, Bank of America Corp DE lifted its holdings in shares of TPG by 72.7% during the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company's stock valued at $204,960,000 after buying an additional 1,501,808 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

TPG Stock Performance

Shares of NASDAQ TPG opened at $53.97 on Friday. 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 firm has a market cap of $20.74 billion, a price-to-earnings ratio of 81.77, a P/E/G ratio of 0.90 and a beta of 1.44. The business's 50-day simple moving average is $45.74 and its 200-day simple moving average is $43.82. TPG Inc. has a 52 week low of $36.95 and a 52 week high of $70.38.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. The firm had revenue of $628.19 million during the quarter, compared to analyst estimates of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%.The company's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. As a group, equities research analysts expect that TPG Inc. will post 2.88 earnings per share for the current fiscal year.

TPG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.4%. TPG's dividend payout ratio (DPR) is currently 357.58%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TPG shares. Morgan Stanley dropped their price objective on TPG from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 21st. TD Cowen upgraded shares of TPG from a "hold" rating to a "buy" rating and set a $64.00 target price for the company in a research note on Thursday, August 6th. Citizens Jmp decreased their target price on shares of TPG from $75.00 to $68.00 and set a "market outperform" rating for the company in a research report on Thursday, July 9th. Weiss Ratings upgraded shares of TPG from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada raised their price target on shares of TPG from $60.00 to $65.00 and gave the company an "outperform" 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. According to data from MarketBeat.com, the stock has an average 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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