UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 322,991 shares of the company's stock after purchasing an additional 8,615 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of TPG worth $18,591,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of TPG. Price T Rowe Associates Inc. MD raised its holdings in TPG by 22.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,209 shares of the company's stock worth $1,396,000 after acquiring an additional 5,773 shares during the period. SG Americas Securities LLC boosted its stake 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 purchasing an additional 3,226 shares during the period. Summit Global Investments acquired a new stake in TPG in the 2nd quarter valued at approximately $2,982,000. Lecap Asset Management Ltd. bought a new position in TPG in the 2nd quarter worth approximately $1,096,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of TPG by 8.8% during the second quarter. Bank of New York Mellon Corp now owns 570,725 shares of the company's stock worth $23,657,000 after buying an additional 46,386 shares during the last quarter. Institutional investors own 86.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on TPG. TD Cowen lowered their price objective on shares of TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on shares of TPG from $67.00 to $77.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Wells Fargo & Company increased their target price on shares of TPG from $67.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on TPG from $67.00 to $69.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, BMO Capital Markets raised their price objective on TPG from $45.00 to $60.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, TPG currently has an average rating of "Hold" and an average price target of $58.83.
Get Our Latest Research Report on TPG
TPG Stock Performance
Shares of NASDAQ TPG traded down $1.13 during midday trading on Friday, reaching $68.78. 1,098,240 shares of the company traded hands, compared to its average volume of 1,064,083. TPG Inc. has a 12 month low of $36.58 and a 12 month high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock's 50-day simple moving average is $65.63 and its 200-day simple moving average is $53.30.
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. The firm had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period last year, the firm posted $0.56 EPS. As a group, analysts forecast that TPG Inc. will post 1.95 EPS for the current year.
TPG Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were given a dividend of $0.38 per share. 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 2.21%. TPG's dividend payout ratio (DPR) is presently -447.05%.
About TPG
(
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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