QRG Capital Management Inc. Has $462,000 Stock Position in TPG Inc. (NASDAQ:TPG)

QRG Capital Management Inc. increased its holdings in TPG Inc. (NASDAQ:TPG) by 16.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,024 shares of the company’s stock after purchasing an additional 1,157 shares during the period. QRG Capital Management Inc.’s holdings in TPG were worth $462,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. Millennium Management LLC lifted its holdings in TPG by 32.4% in the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after purchasing an additional 922,571 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in TPG by 902.4% during the second 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 period. Massachusetts Financial Services Co. MA boosted its position in TPG by 5.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after purchasing an additional 366,306 shares during the period. Finally, Capital International Investors grew its holdings in TPG by 9.6% during 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 last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.

TPG Stock Down 0.3 %

Shares of TPG stock opened at $66.22 on Monday. TPG Inc. has a one year low of $30.99 and a one year high of $69.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a fifty day moving average price of $59.96 and a 200 day moving average price of $49.88. The stock has a market cap of $24.16 billion, a P/E ratio of -194.76, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period last year, the firm earned $0.56 EPS. Analysts predict that TPG Inc. will post 1.94 earnings per share for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.30%. TPG’s dividend payout ratio is currently -494.10%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TPG. JPMorgan Chase & Co. boosted their price objective on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Evercore ISI boosted their target price on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Morgan Stanley raised their price target on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price objective on TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their target price on TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $57.50.

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.