TPG Inc. (NASDAQ:TPG) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,656,193 shares of the company's stock after buying an additional 244,373 shares during the period. Franklin Resources Inc. owned approximately 0.73% of TPG worth $161,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Signaturefd LLC grew its stake in TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company's stock worth $62,000 after buying an additional 188 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of TPG by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company's stock worth $296,000 after acquiring an additional 230 shares during the last quarter. KBC Group NV lifted its holdings in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after acquiring an additional 482 shares during the last quarter. International Assets Investment Management LLC bought a new stake in TPG during the 2nd quarter valued at $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 buying an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

TPG Trading Up 0.4 %

Shares of NASDAQ:TPG traded up $0.25 during trading hours on Monday, hitting $67.13. 933,557 shares of the company's stock traded hands, compared to its average volume of 901,432. TPG Inc. has a 1 year low of $38.20 and a 1 year high of $72.98. The business has a fifty day moving average price of $66.72 and a 200-day moving average price of $54.50. The firm has a market capitalization of $24.50 billion, a P/E ratio of -197.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.46. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

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

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Thursday, November 14th. TPG's payout ratio is presently -447.05%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TPG shares. Wells Fargo & Company upped their target price on shares of TPG from $68.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday. Morgan Stanley upped their price objective on TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Evercore ISI lifted their target price on TPG from $46.00 to $60.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. TD Cowen lowered their price target on TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their target price on shares of TPG from $67.00 to $77.00 and gave the company a "buy" rating in a research note 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. Based on data from MarketBeat, TPG currently has an average rating of "Hold" and a consensus price target of $60.08.

About TPG

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.