TPG Inc. $TPG Shares Purchased by Neuberger Berman Group LLC

Neuberger Berman Group LLC boosted its stake in TPG Inc. (NASDAQ:TPG) by 52.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 878,421 shares of the company’s stock after buying an additional 300,962 shares during the quarter. Neuberger Berman Group LLC’s holdings in TPG were worth $50,465,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TPG. CWM LLC increased its position in TPG by 19.5% during the third quarter. CWM LLC now owns 1,227 shares of the company’s stock worth $70,000 after buying an additional 200 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of TPG by 12.1% in the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock valued at $114,000 after acquiring an additional 234 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of TPG by 3.1% during the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after acquiring an additional 238 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of TPG by 2.3% during the third quarter. Apollon Wealth Management LLC now owns 15,244 shares of the company’s stock valued at $876,000 after acquiring an additional 337 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in TPG by 54.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,084 shares of the company’s stock worth $62,000 after purchasing an additional 382 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of TPG in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TPG in a research note on Wednesday. TD Cowen reissued a “hold” rating on shares of TPG in a research report on Wednesday, January 14th. UBS Group cut their price objective on shares of TPG from $83.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Morgan Stanley set a $67.00 price objective on shares of TPG in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.80.

TPG Stock Performance

TPG stock opened at $43.07 on Friday. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 97.89, a price-to-earnings-growth ratio of 0.63 and a beta of 1.55. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $70.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The stock’s 50-day moving average is $56.28 and its 200-day moving average is $58.35.

TPG (NASDAQ:TPG) last issued its earnings results on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $548.40 million. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 5.7%. This is a positive change from TPG’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was 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.