TPG Inc. $TPG Position Cut by Vulcan Value Partners LLC

Vulcan Value Partners LLC reduced its holdings in TPG Inc. (NASDAQ:TPG) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,958,438 shares of the company’s stock after selling 26,472 shares during the quarter. TPG accounts for 2.0% of Vulcan Value Partners LLC’s portfolio, making the stock its 14th largest position. Vulcan Value Partners LLC owned about 0.52% of TPG worth $112,339,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Darlington Partners Capital Management LP bought a new position in TPG during the 2nd quarter valued at $258,581,000. Norges Bank acquired a new stake in shares of TPG in the second quarter valued at $83,794,000. Balyasny Asset Management L.P. bought a new position in TPG during the second quarter valued at about $54,088,000. Geode Capital Management LLC boosted its stake in TPG by 30.8% during the second quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock valued at $185,136,000 after buying an additional 831,865 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after acquiring an additional 557,438 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $80.00 price target on shares of TPG in a report on Tuesday, January 6th. TD Cowen reissued a “hold” rating on shares of TPG in a research note on Wednesday, January 14th. Evercore set a $56.00 price target on shares of TPG in a research report on Friday, February 6th. Barclays set a $69.00 price objective on TPG in a research report on Friday, February 6th. Finally, Wolfe Research restated an “outperform” rating and issued a $80.00 target price on shares of TPG in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, TPG presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.29.

TPG Stock Down 0.2%

Shares of TPG stock opened at $44.51 on Monday. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $70.38. The company has a market cap of $16.83 billion, a P/E ratio of 101.16, a P/E/G ratio of 0.66 and a beta of 1.50. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $60.56 and a 200 day moving average price of $59.60.

TPG (NASDAQ:TPG) last issued its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. TPG had a return on equity of 26.02% and a net margin of 3.95%.The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $548.40 million. During the same quarter in the prior year, the company earned $0.62 EPS. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. This is an increase from TPG’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, February 19th. TPG’s dividend payout ratio is presently 554.55%.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.