TPG Inc. $TPG Stock Holdings Boosted by ABN Amro Investment Solutions

ABN Amro Investment Solutions increased its position in TPG Inc. (NASDAQ:TPG) by 25.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,538 shares of the company’s stock after acquiring an additional 15,959 shares during the period. ABN Amro Investment Solutions’ holdings in TPG were worth $4,455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in TPG in the 2nd quarter worth about $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after buying an additional 524 shares during the period. MAI Capital Management grew its holdings in TPG by 572.3% in the 2nd quarter. MAI Capital Management now owns 1,190 shares of the company’s stock worth $62,000 after buying an additional 1,013 shares in the last quarter. CWM LLC increased its position in TPG by 19.5% in the 3rd quarter. CWM LLC now owns 1,227 shares of the company’s stock valued at $70,000 after acquiring an additional 200 shares during the period. Finally, Comerica Bank raised its stake in TPG by 43.1% during the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after acquiring an additional 465 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TPG. Evercore ISI set a $56.00 price target on TPG in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG in a research report on Monday, December 29th. Wolfe Research restated an “outperform” rating and set a $80.00 price target on shares of TPG in a research report on Wednesday, January 7th. Barclays set a $69.00 price target on shares of TPG in a research note on Friday, February 6th. Finally, TD Cowen reiterated a “hold” rating on shares of TPG in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, TPG presently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

TPG Stock Performance

Shares of TPG opened at $49.53 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The firm’s 50 day moving average is $62.50 and its 200-day moving average is $59.98. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $70.38. The stock has a market capitalization of $18.73 billion, a P/E ratio of 112.57, a P/E/G ratio of 0.73 and a beta of 1.50.

TPG (NASDAQ:TPG) last released its earnings results on Thursday, February 5th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.65 by $0.06. The business had revenue of $628.48 million during the quarter, compared to analyst estimates of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.96%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. Equities research analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Thursday, February 19th. This is a positive change from TPG’s previous quarterly dividend of $0.45. TPG’s payout ratio is presently 409.09%.

TPG 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.