Arizona State Retirement System Purchases 3,695 Shares of TPG Inc. (NASDAQ:TPG)

Arizona State Retirement System raised its position in TPG Inc. (NASDAQ:TPG) by 32.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,006 shares of the company’s stock after purchasing an additional 3,695 shares during the quarter. Arizona State Retirement System’s holdings in TPG were worth $439,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. UBS Group AG increased its stake in shares of TPG by 0.4% in the second quarter. UBS Group AG now owns 105,200 shares of the company’s stock valued at $2,516,000 after buying an additional 375 shares during the period. California State Teachers Retirement System grew its stake in TPG by 1.5% during the third quarter. California State Teachers Retirement System now owns 30,916 shares of the company’s stock worth $861,000 after purchasing an additional 468 shares during the period. Advisor Group Holdings Inc. grew its stake in TPG by 17.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,210 shares of the company’s stock worth $118,000 after purchasing an additional 618 shares during the period. Citigroup Inc. grew its stake in TPG by 19.1% during the fourth quarter. Citigroup Inc. now owns 4,741 shares of the company’s stock worth $132,000 after purchasing an additional 759 shares during the period. Finally, Simplicity Solutions LLC grew its stake in TPG by 1.5% during the second quarter. Simplicity Solutions LLC now owns 53,400 shares of the company’s stock worth $1,562,000 after purchasing an additional 779 shares during the period. 12.51% of the stock is currently owned by institutional investors.

TPG Stock Performance

NASDAQ TPG opened at $29.75 on Monday. TPG Inc. has a 1 year low of $24.74 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 425.00, a PEG ratio of 2.51 and a beta of 1.38. The company has a fifty day moving average price of $29.26 and a 200-day moving average price of $28.61.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). TPG had a return on equity of 16.98% and a net margin of 4.95%. The firm had revenue of $603.27 million during the quarter, compared to the consensus estimate of $280.39 million. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, equities research analysts predict that TPG Inc. will post 1.22 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a $0.22 dividend. This is an increase from TPG’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, August 17th. TPG’s payout ratio is 1,257.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on TPG from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Citigroup raised their target price on TPG from $32.00 to $34.00 in a research note on Tuesday, July 18th. Morgan Stanley raised their target price on TPG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Bank of America decreased their target price on TPG from $32.00 to $31.00 in a research note on Friday, October 6th. Finally, JPMorgan Chase & Co. reduced their price objective on TPG from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.05.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. It offers investment management services to TPG Funds, limited partners, and other vehicles; monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.