Partners Group Holding AG Has $19.15 Million Holdings in TPG Inc. (NASDAQ:TPG)

Partners Group Holding AG lifted its holdings in shares of TPG Inc. (NASDAQ:TPG) by 112.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 332,627 shares of the company’s stock after acquiring an additional 175,847 shares during the period. TPG accounts for about 1.3% of Partners Group Holding AG’s portfolio, making the stock its 28th biggest position. Partners Group Holding AG’s holdings in TPG were worth $19,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TPG. Vanguard Group Inc. boosted its stake in TPG by 21.6% in the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of TPG by 5.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock valued at $278,161,000 after purchasing an additional 366,306 shares during the period. Millennium Management LLC boosted its position in shares of TPG by 32.4% in the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after purchasing an additional 922,571 shares during the last quarter. American Century Companies Inc. grew its stake in shares of TPG by 13.9% during the second quarter. American Century Companies Inc. now owns 1,240,450 shares of the company’s stock worth $51,417,000 after purchasing an additional 151,317 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in TPG by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after purchasing an additional 31,638 shares during the last quarter. 86.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TPG has been the topic of a number of recent analyst reports. TD Cowen reduced 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. Evercore ISI lifted their price objective on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. BMO Capital Markets upped their target price on shares of TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price target on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their target price on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $58.83.

TPG Price Performance

TPG stock opened at $71.29 on Tuesday. The stock has a 50-day moving average price of $63.58 and a two-hundred day moving average price of $51.75. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a market cap of $26.02 billion, a PE ratio of -209.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49. TPG Inc. has a 1 year low of $34.07 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last issued 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 net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. During the same period in the previous year, the business earned $0.56 EPS. Equities analysts forecast that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.13%. TPG’s dividend payout ratio is currently -447.05%.

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.