Millennium Management LLC Has $156.19 Million Stock Holdings in TPG Inc. (NASDAQ:TPG)

Millennium Management LLC lifted its position in TPG Inc. (NASDAQ:TPG) by 32.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,768,113 shares of the company’s stock after buying an additional 922,571 shares during the quarter. Millennium Management LLC owned about 1.03% of TPG worth $156,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TPG. Vanguard Group Inc. lifted its position in TPG by 21.6% during the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of TPG by 902.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company’s stock worth $17,352,000 after purchasing an additional 376,848 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in TPG by 5.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock valued at $278,161,000 after purchasing an additional 366,306 shares during the period. Capital International Investors grew its holdings in TPG by 9.6% in the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after buying an additional 336,665 shares during the last quarter. Finally, Putnam Investments LLC increased its position in TPG by 8.6% in the 4th quarter. Putnam Investments LLC now owns 2,362,082 shares of the company’s stock worth $101,971,000 after buying an additional 187,183 shares during the period. 86.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TPG has been the topic of several research analyst reports. TD Cowen lowered their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Wells Fargo & Company assumed coverage on shares of TPG in a research report on Thursday, September 12th. They issued an “overweight” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their target price on TPG from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.25.

TPG Stock Up 0.3 %

TPG opened at $58.01 on Friday. The company’s 50-day moving average is $50.73 and its 200 day moving average is $45.80. TPG Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $60.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $21.16 billion, a P/E ratio of -414.33, a PEG ratio of 1.00 and a beta of 1.52.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $744.19 million for the quarter, compared to analysts’ expectations of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same quarter in the previous year, the firm posted $0.26 EPS. Research analysts expect that TPG Inc. will post 2.01 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 16th. TPG’s payout ratio is presently -1,199.91%.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of TPG stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total transaction of $190,342.95. Following the completion of the transaction, the director now owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 76.48% of the stock is currently owned by insiders.

TPG 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.