Commonwealth Equity Services LLC Has $246,000 Position in TPG Inc. (NASDAQ:TPG)

Commonwealth Equity Services LLC raised its stake in TPG Inc. (NASDAQ:TPGFree Report) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,151 shares of the company’s stock after acquiring an additional 600 shares during the period. Commonwealth Equity Services LLC’s holdings in TPG were worth $246,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of TPG by 58.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,212,886 shares of the company’s stock worth $145,126,000 after acquiring an additional 1,921,896 shares in the last quarter. Capital International Investors acquired a new stake in shares of TPG in the 1st quarter valued at $114,248,000. Capital Research Global Investors bought a new position in shares of TPG in the 1st quarter valued at $114,229,000. BlackRock Inc. raised its holdings in shares of TPG by 59.2% during the 2nd quarter. BlackRock Inc. now owns 3,491,227 shares of the company’s stock worth $102,153,000 after buying an additional 1,298,069 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of TPG during the 4th quarter worth $55,992,000. 12.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TPG shares. Wells Fargo & Company lifted their target price on TPG from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. TD Cowen assumed coverage on shares of TPG in a research note on Thursday, January 4th. They issued a “market perform” rating and a $38.00 price objective for the company. TheStreet raised shares of TPG from a “d+” rating to a “c-” rating in a research note on Monday, November 13th. Bank of America cut their price objective on TPG from $32.00 to $31.00 in a report on Friday, October 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of TPG in a report on Thursday, November 30th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.04.

Read Our Latest Report on TPG

TPG Stock Performance

NASDAQ:TPG opened at $41.63 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.35 and a current ratio of 0.35. TPG Inc. has a fifty-two week low of $24.74 and a fifty-two week high of $44.46. The company has a 50 day simple moving average of $39.70 and a two-hundred day simple moving average of $33.11. The company has a market capitalization of $12.87 billion, a PE ratio of -378.45, a P/E/G ratio of 1.63 and a beta of 1.66.

TPG (NASDAQ:TPGGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.21. The company had revenue of $321.34 million during the quarter, compared to analysts’ expectations of $290.03 million. TPG had a net margin of 4.91% and a return on equity of 19.78%. Research analysts anticipate that TPG Inc. will post 1.48 earnings per share for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.61%. This is an increase from TPG’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, November 16th. TPG’s payout ratio is currently -1,745.45%.

TPG Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TPG (NASDAQ:TPG)

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