TPG Inc. (NASDAQ:TPG) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,442,001 shares of the company's stock after purchasing an additional 102,663 shares during the quarter. Geode Capital Management LLC owned about 0.40% of TPG worth $83,023,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its holdings in shares of TPG by 14,739.3% during the 3rd quarter. Barclays PLC now owns 602,029 shares of the company's stock worth $34,652,000 after purchasing an additional 597,972 shares during the period. EP Wealth Advisors LLC purchased a new stake in TPG during the third quarter worth approximately $461,000. State Street Corp raised its holdings in shares of TPG by 5.0% during the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company's stock valued at $81,849,000 after buying an additional 67,597 shares during the period. Quarry LP lifted its position in TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company's stock worth $184,000 after acquiring an additional 1,846 shares in the last quarter. Finally, Iron Gate Global Advisors LLC acquired a new position in TPG during the 3rd quarter worth approximately $201,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on shares of TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a report on Thursday. Evercore ISI upped their price objective on shares of TPG from $46.00 to $60.00 and gave the company an "in-line" rating in a research report on Monday, October 14th. Finally, TD Cowen dropped their target price on TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $63.00.

TPG Stock Performance

Shares of NASDAQ TPG traded up $0.84 during trading on Friday, reaching $64.82. The stock had a trading volume of 1,896,808 shares, compared to its average volume of 913,151. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $23.66 billion, a PE ratio of -190.64, a P/E/G ratio of 1.11 and a beta of 1.46. TPG Inc. has a one year low of $38.20 and a one year high of $72.98. The firm's 50 day moving average price is $67.03 and its two-hundred day moving average price is $54.80.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results 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 analyst estimates of $449.98 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, research analysts forecast that TPG Inc. will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.34%. TPG's payout ratio is currently -447.06%.

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.