TPG Inc. $TPG Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in TPG Inc. (NASDAQ:TPG) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,058,146 shares of the company’s stock after purchasing an additional 216,359 shares during the quarter. Geode Capital Management LLC’s holdings in TPG were worth $259,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of TPG by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock valued at $810,827,000 after purchasing an additional 314,295 shares during the period. Capital International Investors boosted its holdings in shares of TPG by 3.5% in the third quarter. Capital International Investors now owns 11,682,464 shares of the company’s stock valued at $671,158,000 after acquiring an additional 392,336 shares in the last quarter. Darlington Partners Capital Management LP bought a new position in shares of TPG in the second quarter valued at approximately $258,581,000. Bank of America Corp DE boosted its holdings in shares of TPG by 72.7% in the third quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after acquiring an additional 1,501,808 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of TPG by 5.3% in the third quarter. Capital World Investors now owns 2,846,114 shares of the company’s stock valued at $163,509,000 after acquiring an additional 143,055 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 have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of TPG in a report on Monday, May 4th. Morgan Stanley set a $60.00 price objective on shares of TPG in a report on Tuesday, April 21st. UBS Group increased their price objective on shares of TPG from $54.00 to $59.00 and gave the company a “buy” rating in a report on Monday, May 4th. Citigroup upgraded shares of TPG to an “outperform” rating in a report on Monday, February 9th. Finally, Barclays increased their price objective on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.75.

TPG Trading Down 2.1%

Shares of NASDAQ:TPG opened at $42.39 on Wednesday. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 192.69, a PEG ratio of 0.78 and a beta of 1.44. TPG Inc. has a 1-year low of $36.95 and a 1-year high of $70.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day moving average price of $41.77 and a 200 day moving average price of $51.37.

TPG (NASDAQ:TPG) last issued its earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The firm had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. On average, research analysts anticipate that TPG Inc. will post 2.86 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, May 11th. TPG’s dividend payout ratio (DPR) is presently 1,072.73%.

TPG 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.