TPG Inc. (NASDAQ:TPG) Holdings Raised by Partners Group Holding AG

Partners Group Holding AG increased its stake in TPG Inc. (NASDAQ:TPG) by 112.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,627 shares of the company’s stock after purchasing an additional 175,847 shares during the quarter. TPG makes up 1.3% of Partners Group Holding AG’s investment portfolio, making the stock its 28th largest holding. Partners Group Holding AG owned about 0.09% of TPG worth $19,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TPG. Vanguard Group Inc. raised its position in shares of TPG by 21.6% in the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after purchasing an additional 1,305,799 shares during the period. International Assets Investment Management LLC grew its stake in TPG by 5,656.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after buying an additional 33,936 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new position in TPG in the 2nd quarter worth $1,057,000. Millennium Management LLC lifted its position in TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after acquiring an additional 922,571 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in TPG by 38.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 84,661 shares of the company’s stock valued at $3,785,000 after acquiring an additional 23,305 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on TPG shares. JPMorgan Chase & Co. upped their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company upped their target price on TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their price target on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. TD Cowen dropped their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.83.

TPG Price Performance

Shares of TPG stock opened at $71.29 on Tuesday. The stock’s fifty day moving average is $63.58 and its 200-day moving average is $51.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. TPG Inc. has a 52 week low of $34.07 and a 52 week high of $72.98. The stock has a market capitalization of $26.02 billion, a PE ratio of -209.67, a PEG ratio of 1.17 and a beta of 1.49.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million during the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter last year, the company posted $0.56 EPS. Equities research analysts expect that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 14th. TPG’s dividend payout ratio (DPR) is presently -447.05%.

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.