Barclays PLC Raises Stock Position in TPG Inc. (NASDAQ:TPG)

Barclays PLC raised its position in TPG Inc. (NASDAQ:TPG - Free Report) by 14,739.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 602,029 shares of the company's stock after acquiring an additional 597,972 shares during the period. Barclays PLC owned approximately 0.16% of TPG worth $34,652,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company's stock valued at $62,000 after acquiring an additional 188 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in TPG by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company's stock worth $296,000 after purchasing an additional 230 shares in the last quarter. KBC Group NV lifted its holdings in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after buying an additional 482 shares in the last quarter. International Assets Investment Management LLC bought a new position in TPG in the 2nd quarter valued at $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TPG by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company's stock valued at $1,019,000 after acquiring an additional 965 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TPG. Wells Fargo & Company lifted their price target on TPG from $68.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI boosted their target price on TPG from $46.00 to $60.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. TD Cowen decreased their target price on TPG from $62.00 to $58.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on TPG from $67.00 to $69.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Morgan Stanley increased their target price on TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $60.08.

TPG Trading Down 2.2 %

Shares of TPG stock traded down $1.49 during trading on Friday, hitting $66.88. The stock had a trading volume of 1,298,301 shares, compared to its average volume of 901,301. TPG Inc. has a 12 month low of $38.20 and a 12 month high of $72.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The firm's fifty day simple moving average is $66.58 and its 200-day simple moving average is $54.23. The stock has a market cap of $24.41 billion, a PE ratio of -196.71, a PEG ratio of 1.17 and a beta of 1.46.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same quarter last year, the firm earned $0.56 earnings per share. As a group, sell-side analysts expect that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, November 14th. TPG's dividend payout ratio (DPR) is presently -447.06%.

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.