State Street Corp boosted its position in TPG Inc. (NASDAQ:TPG - Free Report) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,421,981 shares of the company's stock after purchasing an additional 67,597 shares during the period. State Street Corp owned about 0.39% of TPG worth $81,849,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in TPG by 58.6% during the 2nd quarter. SG Americas Securities LLC now owns 8,731 shares of the company's stock valued at $362,000 after buying an additional 3,226 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in TPG in the 2nd quarter valued at about $1,096,000. Bank of New York Mellon Corp lifted its holdings in TPG by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 570,725 shares of the company's stock valued at $23,657,000 after purchasing an additional 46,386 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of TPG by 1,871.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,210 shares of the company's stock worth $257,000 after buying an additional 5,895 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TPG by 24.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,740 shares of the company's stock valued at $694,000 after buying an additional 3,260 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.
TPG Price Performance
Shares of TPG stock traded down $0.61 during trading hours on Tuesday, hitting $66.52. 1,228,352 shares of the company's stock were exchanged, compared to its average volume of 902,780. The company has a market capitalization of $24.28 billion, a PE ratio of -195.64, a PEG ratio of 1.11 and a beta of 1.46. The business's 50 day simple moving average is $66.72 and its 200-day simple moving average is $54.50. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG Inc. has a 12-month low of $38.20 and a 12-month high of $72.98.
TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The company had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, equities research analysts anticipate that TPG Inc. will post 1.95 earnings per share for the current year.
TPG Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, November 14th. TPG's dividend payout ratio (DPR) is presently -447.05%.
Analyst Ratings Changes
Several equities research analysts have weighed in on TPG shares. BMO Capital Markets increased their target price on TPG from $45.00 to $60.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. TD Cowen decreased their target price on TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of TPG from $68.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Finally, Evercore ISI lifted 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $60.08.
Get Our Latest Analysis on TPG
TPG 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.
Featured Articles
Before you consider TPG, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TPG wasn't on the list.
While TPG currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
