State of New Jersey Common Pension Fund D acquired a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,271 shares of the company's stock, valued at approximately $2,260,000.
A number of other institutional investors also recently modified their holdings of the company. Swiss National Bank boosted its stake in TPG by 45.2% during the 1st quarter. Swiss National Bank now owns 155,100 shares of the company's stock valued at $6,933,000 after purchasing an additional 48,300 shares during the last quarter. Capital International Investors raised its position in TPG by 9.6% in the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company's stock valued at $172,581,000 after buying an additional 336,665 shares during the last quarter. Seven Eight Capital LP bought a new position in TPG during the 1st quarter valued at $935,000. Vanguard Group Inc. boosted its holdings in TPG by 21.6% during the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company's stock worth $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of TPG by 5,656.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,536 shares of the company's stock worth $1,988,000 after acquiring an additional 33,936 shares in the last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.
TPG Trading Down 3.2 %
Shares of TPG traded down $2.08 during trading hours on Friday, hitting $63.82. The company's stock had a trading volume of 954,388 shares, compared to its average volume of 871,404. The business has a 50 day simple moving average of $61.36 and a two-hundred day simple moving average of $50.45. TPG Inc. has a 52-week low of $33.69 and a 52-week high of $70.67. 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 released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting analysts' consensus estimates of $0.45. The business had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period in the previous year, the business earned $0.56 EPS. As a group, equities research analysts anticipate that TPG Inc. will post 1.94 earnings per share 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 issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.38%. TPG's dividend payout ratio (DPR) is -494.10%.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of TPG from $45.00 to $60.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on TPG from $44.00 to $49.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Evercore ISI increased their price target on TPG from $46.00 to $60.00 and gave the company an "in-line" rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on TPG from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on TPG from $67.00 to $69.00 and gave the company a "buy" rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, TPG currently has a consensus rating of "Hold" and a consensus target price of $57.67.
Check Out Our Latest Analysis on TPG
TPG Company Profile
(
Free Report)
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.
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