First Trust Advisors LP Has $42.97 Million Stock Position in TPG Inc. $TPG

First Trust Advisors LP boosted its stake in TPG Inc. (NASDAQ:TPG) by 262.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 747,913 shares of the company’s stock after purchasing an additional 541,304 shares during the quarter. First Trust Advisors LP owned about 0.20% of TPG worth $42,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in shares of TPG in the third quarter valued at approximately $24,334,000. Private Wealth Partners LLC boosted its position in TPG by 88.2% during the 3rd quarter. Private Wealth Partners LLC now owns 113,880 shares of the company’s stock worth $6,542,000 after buying an additional 53,375 shares during the period. Clear Harbor Asset Management LLC boosted its position in TPG by 84.9% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 142,372 shares of the company’s stock worth $8,179,000 after buying an additional 65,387 shares during the period. Cerity Partners LLC grew its holdings in TPG by 195.1% during the 3rd quarter. Cerity Partners LLC now owns 206,266 shares of the company’s stock worth $11,850,000 after acquiring an additional 136,374 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in TPG by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,386,633 shares of the company’s stock worth $711,612,000 after acquiring an additional 56,490 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Trading Down 4.0%

Shares of TPG stock opened at $39.06 on Friday. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $70.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50 day simple moving average of $54.44 and a two-hundred day simple moving average of $57.81. The company has a market cap of $15.01 billion, a P/E ratio of 88.77, a PEG ratio of 0.59 and a beta of 1.55.

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

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a dividend of $0.61 per share. This is a boost from TPG’s previous quarterly dividend of $0.45. This represents a $2.44 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Thursday, February 19th. TPG’s payout ratio is currently 554.55%.

Analyst Upgrades and Downgrades

TPG has been the subject of several analyst reports. Morgan Stanley set a $67.00 target price on TPG in a research report on Tuesday, January 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TPG in a research report on Wednesday, March 4th. Evercore set a $56.00 price target on TPG in a research note on Friday, February 6th. Citizens Jmp upgraded TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Monday, February 9th. Finally, Citigroup raised TPG to an “outperform” rating in a research note on Monday, February 9th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.80.

TPG Company 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.