Vulcan Value Partners LLC Has $112.34 Million Stock Holdings in TPG Inc. $TPG

Vulcan Value Partners LLC decreased its position in shares of TPG Inc. (NASDAQ:TPG) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,958,438 shares of the company’s stock after selling 26,472 shares during the period. TPG accounts for 2.0% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Vulcan Value Partners LLC’s holdings in TPG were worth $112,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Wealth Partners LLC grew its holdings in TPG by 88.2% in the 3rd quarter. Private Wealth Partners LLC now owns 113,880 shares of the company’s stock valued at $6,542,000 after buying an additional 53,375 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of TPG by 84.9% in the third quarter. Clear Harbor Asset Management LLC now owns 142,372 shares of the company’s stock valued at $8,179,000 after acquiring an additional 65,387 shares during the period. Cerity Partners LLC grew its stake in shares of TPG by 195.1% in the third quarter. Cerity Partners LLC now owns 206,266 shares of the company’s stock worth $11,850,000 after acquiring an additional 136,374 shares during the last quarter. Boston Partners bought a new position in TPG during the second quarter worth $8,461,000. Finally, New York State Common Retirement Fund increased its position in TPG by 42.1% during the second quarter. New York State Common Retirement Fund now owns 69,162 shares of the company’s stock worth $3,628,000 after acquiring an additional 20,500 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TPG shares. JPMorgan Chase & Co. cut their price objective on shares of TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Citigroup raised TPG to an “outperform” rating in a report on Monday, February 9th. Morgan Stanley set a $67.00 price objective on TPG in a report on Tuesday, January 27th. UBS Group cut their target price on TPG from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of TPG in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.29.

TPG Trading Down 0.2%

Shares of TPG 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 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 simple moving average of $60.56 and a 200-day simple moving average of $59.60. The stock has a market cap of $16.83 billion, a PE ratio of 101.16, a PEG ratio of 0.66 and a beta of 1.50.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.20. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. On average, sell-side analysts predict 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. Stockholders of record on Thursday, February 19th will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, February 19th. This is an increase from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.5%. TPG’s dividend payout ratio is presently 554.55%.

About TPG

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.