American Century Companies Inc. Purchases 191,432 Shares of TPG Inc. $TPG

American Century Companies Inc. boosted its holdings in shares of TPG Inc. (NASDAQ:TPG) by 22.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,051,782 shares of the company’s stock after acquiring an additional 191,432 shares during the period. American Century Companies Inc. owned approximately 0.28% of TPG worth $60,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Darlington Partners Capital Management LP acquired a new stake in shares of TPG during the second quarter worth about $258,581,000. Norges Bank acquired a new position in shares of TPG in the 2nd quarter valued at approximately $83,794,000. Balyasny Asset Management L.P. bought a new stake in TPG during the 2nd quarter worth approximately $54,088,000. Geode Capital Management LLC raised its holdings in TPG by 30.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock worth $185,136,000 after buying an additional 831,865 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in TPG by 4,109.1% in the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after buying an additional 557,438 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley set a $67.00 price objective on shares of TPG in a research report on Tuesday, January 27th. Barclays lowered their target price on TPG from $69.00 to $56.00 and set an “overweight” rating for the company in a report on Monday. Citizens Jmp raised TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Monday, February 9th. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price objective on shares of TPG in a research report on Wednesday, January 7th. Finally, UBS Group dropped their target price on TPG from $83.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, TPG presently has an average rating of “Moderate Buy” and an average price target of $66.80.

TPG Price Performance

NASDAQ:TPG opened at $45.57 on Thursday. The stock has a market capitalization of $17.51 billion, a PE ratio of 103.57, a P/E/G ratio of 0.62 and a beta of 1.55. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $70.38. The firm has a fifty day simple moving average of $57.13 and a 200 day simple moving average of $58.58. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. TPG had a net margin of 3.95% and a return on equity of 26.02%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $548.40 million. During the same quarter last year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, research analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be issued 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 yield of 5.4%. TPG’s dividend payout ratio is 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.