TPG Inc. $TPG Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in shares of TPG Inc. (NASDAQ:TPG) by 40.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 84,112 shares of the company’s stock after buying an additional 24,411 shares during the quarter. Janus Henderson Group PLC’s holdings in TPG were worth $3,407,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Comerica Bank increased its stake in TPG by 43.1% in the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after purchasing an additional 465 shares during the last quarter. Royal Bank of Canada increased its stake in shares of TPG by 86.3% during the 1st quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock valued at $375,000 after acquiring an additional 3,659 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of TPG by 4,109.1% during the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TPG by 156.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after acquiring an additional 294,941 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of TPG in the second quarter worth approximately $216,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TPG. Citizens Jmp dropped their price target on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Keefe, Bruyette & Woods raised their price objective on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday. Weiss Ratings cut TPG from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of TPG from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Barclays raised their target price on shares of TPG from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TPG currently has an average rating of “Moderate Buy” and a consensus target price of $63.33.

TPG Price Performance

TPG opened at $48.99 on Friday. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 74.23, a PEG ratio of 0.85 and a beta of 1.44. The company has a current ratio of 0.31, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $42.74 and a 200 day simple moving average of $44.57.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.10. The firm had revenue of $628.19 million for the quarter, compared to analyst estimates of $596.79 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Equities research analysts expect that TPG Inc. will post 2.84 EPS for the current fiscal year.

TPG Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, August 14th. TPG’s dividend payout ratio is 357.58%.

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.