Temasek Holdings Private Ltd Grows Stock Position in TPG Inc. $TPG

Temasek Holdings Private Ltd grew its stake in TPG Inc. (NASDAQ:TPG) by 14.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,028,107 shares of the company’s stock after buying an additional 1,236,526 shares during the quarter. TPG accounts for about 1.3% of Temasek Holdings Private Ltd’s portfolio, making the stock its 17th largest holding. Temasek Holdings Private Ltd’s holdings in TPG were worth $406,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TPG. Osaic Holdings Inc. grew its holdings in TPG by 12.1% during the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after acquiring an additional 234 shares during the period. Lazard Asset Management LLC lifted its holdings in TPG by 3.1% in 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 period. Strategic Wealth Partners Ltd. boosted its position in TPG by 2.5% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock worth $589,000 after purchasing an additional 253 shares in the last quarter. CWM LLC boosted its position in TPG by 22.2% in the 4th quarter. CWM LLC now owns 1,500 shares of the company’s stock worth $96,000 after purchasing an additional 273 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TPG by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock worth $57,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

NASDAQ:TPG opened at $42.84 on Wednesday. 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 stock has a market capitalization of $16.46 billion, a PE ratio of 194.74, a P/E/G ratio of 0.79 and a beta of 1.45. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38. The company has a fifty day moving average of $41.94 and a two-hundred day moving average of $46.40.

TPG (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. The business had revenue of $557.18 million for the quarter, compared to analyst estimates of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. As a group, research analysts forecast that TPG Inc. will post 2.85 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.36 dividend on an annualized basis and a yield of 5.5%. TPG’s dividend payout ratio (DPR) is currently 1,072.73%.

Analyst Ratings Changes

TPG has been the subject of several recent research reports. Citizens Jmp cut their target price on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded shares of TPG from a “hold” rating to a “sell” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of TPG in a research report on Monday, May 4th. TD Cowen cut their price objective on shares of TPG from $48.00 to $45.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Morgan Stanley decreased their price objective on shares of TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

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.