29,186 Shares in TPG Inc. $TPG Purchased by Stableford Capital II LLC

Stableford Capital II LLC bought a new position in TPG Inc. (NASDAQ:TPG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 29,186 shares of the company’s stock, valued at approximately $1,288,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional lifted its holdings in TPG by 481.4% during the second quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after purchasing an additional 544 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of TPG in the first quarter worth $81,000. Caitong International Asset Management Co. Ltd raised its position in shares of TPG by 25,112.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,017 shares of the company’s stock valued at $129,000 after purchasing an additional 2,009 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of TPG by 2,986.6% during the 1st quarter. Sunbelt Securities Inc. now owns 2,068 shares of the company’s stock valued at $84,000 after buying an additional 2,001 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of TPG by 15.5% during the 1st quarter. Parallel Advisors LLC now owns 2,089 shares of the company’s stock valued at $85,000 after buying an additional 281 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Trading Up 1.6%

Shares of TPG stock opened at $45.24 on Friday. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 68.55, a PEG ratio of 0.79 and a beta of 1.49. The business has a 50-day moving average price of $48.84 and a 200-day moving average price of $44.36. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.10. TPG had a return on equity of 28.10% and a net margin of 4.67%.The firm had revenue of $628.19 million for the quarter, compared to analysts’ expectations of $596.79 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was up 23.9% compared to the same quarter last year. Equities research analysts anticipate that TPG Inc. will post 2.83 EPS for the current fiscal year.

TPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a yield of 5.2%. TPG’s payout ratio is presently 357.58%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TPG. Citigroup reissued an “outperform” rating on shares of TPG in a report on Thursday, July 9th. Evercore set a $50.00 target price on TPG in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $62.00 target price on shares of TPG in a research note on Wednesday, August 5th. Wells Fargo & Company began coverage on TPG in a report on Friday, October 2nd. They issued an “equal weight” rating and a $47.00 price target on the stock. Finally, TD Cowen upgraded TPG from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, TPG currently has an average rating of “Moderate Buy” and a consensus price target of $61.60.

About TPG

TPG Inc is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, and credit strategies. The company manages capital on behalf of institutional investors, sovereign wealth funds, family offices, and other clients, with investments spanning a range of industries and stages of business development.

TPG operates through investment platforms that include TPG Capital, TPG Growth, TPG Rise, TPG Real Estate, and TPG Angelo Gordon.