TPG Inc. (NASDAQ:TPG) Shares Acquired by Swiss National Bank

Swiss National Bank increased its holdings in shares of TPG Inc. (NASDAQ:TPG) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,600 shares of the company’s stock after acquiring an additional 8,100 shares during the quarter. Swiss National Bank’s holdings in TPG were worth $8,323,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TPG. International Assets Investment Management LLC purchased a new position in shares of TPG during the 2nd quarter worth $25,000. Signaturefd LLC increased its position in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares during the last quarter. Covestor Ltd raised its stake in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after purchasing an additional 1,715 shares during the period. KBC Group NV boosted its holdings in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the last quarter. Finally, Shoker Investment Counsel Inc. purchased a new stake in shares of TPG in the 3rd quarter valued at approximately $203,000. Hedge funds and other institutional investors own 86.79% of the company’s stock.

TPG Price Performance

TPG stock opened at $71.29 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG Inc. has a 52-week low of $34.07 and a 52-week high of $72.98. The firm has a market cap of $26.02 billion, a PE ratio of -209.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49. The company’s 50 day moving average is $63.58 and its two-hundred day moving average is $51.75.

TPG (NASDAQ:TPG) last released its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period last year, the business posted $0.56 earnings per share. On average, research analysts expect that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.13%. TPG’s dividend payout ratio (DPR) is -447.05%.

Analyst Ratings Changes

Several research firms have recently commented on TPG. TD Cowen reduced their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price target on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. BMO Capital Markets boosted their price objective on shares of TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Evercore ISI upped their target price on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $58.83.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers 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.