Robeco Institutional Asset Management B.V. reduced its holdings in TPG Inc. (NASDAQ:TPG – Get Rating) by 40.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 450,000 shares of the company’s stock after selling 300,000 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.15% of TPG worth $12,528,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in TPG by 58.4% in the third quarter. Vanguard Group Inc. now owns 5,212,886 shares of the company’s stock valued at $145,126,000 after buying an additional 1,921,896 shares during the period. Capital International Investors acquired a new position in TPG in the first quarter valued at approximately $114,248,000. Capital Research Global Investors acquired a new position in TPG in the first quarter valued at approximately $114,229,000. Pendal Group Ltd acquired a new position in TPG in the third quarter valued at approximately $78,679,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in TPG by 0.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,642,441 shares of the company’s stock worth $73,565,000 after purchasing an additional 20,141 shares during the period. 12.94% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TPG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of TPG from $43.00 to $44.00 in a report on Wednesday, January 11th. JPMorgan Chase & Co. lowered shares of TPG from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $34.00 in a report on Tuesday, January 24th. Keefe, Bruyette & Woods increased their target price on shares of TPG from $37.00 to $38.00 and gave the stock a “market perform” rating in a report on Thursday, February 16th. Credit Suisse Group reiterated a “neutral” rating and issued a $36.00 target price on shares of TPG in a report on Wednesday, February 22nd. Finally, Wells Fargo & Company increased their target price on shares of TPG from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, February 16th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.15.
TPG Stock Down 2.2 %
TPG (NASDAQ:TPG – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $350.18 million during the quarter, compared to the consensus estimate of $303.48 million. TPG’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. On average, equities analysts predict that TPG Inc. will post 1.86 EPS for the current fiscal year.
TPG Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were issued a $0.50 dividend. This is a boost from TPG’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 24th. This represents a $2.00 annualized dividend and a dividend yield of 7.33%. TPG’s dividend payout ratio (DPR) is presently -999.95%.
TPG Company Profile
TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.
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