Thrivent Financial for Lutherans Has $25.17 Million Stock Position in TPG Inc. (NASDAQ:TPG)

Thrivent Financial for Lutherans boosted its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,237 shares of the company's stock after acquiring an additional 18,629 shares during the period. Thrivent Financial for Lutherans owned about 0.12% of TPG worth $25,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in TPG during the 2nd quarter valued at approximately $25,000. Signaturefd LLC raised its holdings in TPG by 21.3% in the 3rd 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. Covestor Ltd raised its holdings in shares of TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company's stock worth $107,000 after acquiring an additional 1,715 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in TPG in the first quarter valued at $112,000. Finally, KBC Group NV grew its holdings in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after purchasing an additional 482 shares during the period. Institutional investors own 86.79% of the company's stock.

Analyst Ratings Changes

TPG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of TPG from $67.00 to $69.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. TD Cowen cut their price objective on TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets upped their target price on shares of TPG from $45.00 to $60.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price objective on TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price on TPG from $44.00 to $49.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, TPG has a consensus rating of "Hold" and an average target price of $58.83.

TPG Trading Down 0.5 %

TPG traded down $0.37 during trading on Wednesday, hitting $67.55. 426,328 shares of the company's stock were exchanged, compared to its average volume of 881,112. TPG Inc. has a 1 year low of $34.07 and a 1 year high of $70.67. The stock has a 50 day moving average price of $62.36 and a 200 day moving average price of $51.02. The firm has a market cap of $24.65 billion, a P/E ratio of -199.76, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. 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 (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 the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm 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 EPS. As a group, analysts expect that TPG Inc. will post 1.94 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, November 14th. TPG's payout ratio is currently -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.