TPG Inc. (NASDAQ:TPG) Shares Purchased by KBC Group NV

KBC Group NV raised its stake in TPG Inc. (NASDAQ:TPG) by 25.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,405 shares of the company’s stock after acquiring an additional 482 shares during the period. KBC Group NV’s holdings in TPG were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in TPG by 21.6% in the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after buying an additional 1,305,799 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of TPG by 38.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 84,661 shares of the company’s stock worth $3,785,000 after acquiring an additional 23,305 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in TPG during the first quarter worth about $112,000. MQS Management LLC purchased a new position in TPG during the first quarter worth about $201,000. Finally, Capital International Investors lifted its position in TPG by 9.6% in the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after purchasing an additional 336,665 shares during the period. Hedge funds and other institutional investors own 86.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TPG shares. Deutsche Bank Aktiengesellschaft increased their price objective on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company increased their price target on shares of TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI boosted their price objective on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their target price on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets boosted their price target on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $58.83.

TPG Stock Performance

TPG stock opened at $70.18 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. TPG Inc. has a 12 month low of $34.07 and a 12 month high of $70.67. The company has a market cap of $25.61 billion, a price-to-earnings ratio of -206.41, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The stock’s 50-day moving average is $63.01 and its 200-day moving average is $51.27.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. During the same period in the prior year, the firm earned $0.56 EPS. Equities analysts anticipate that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.17%. TPG’s payout ratio is -447.05%.

About TPG

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.