TPG Inc. (NASDAQ:TPG) Shares Bought by Creative Planning

Creative Planning lifted its position in shares of TPG Inc. (NASDAQ:TPG) by 55.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,784 shares of the company’s stock after purchasing an additional 3,851 shares during the period. Creative Planning’s holdings in TPG were worth $621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TPG. Vanguard Group Inc. increased its position in shares of TPG by 21.6% in the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after purchasing an additional 1,305,799 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TPG by 5.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock valued at $278,161,000 after buying an additional 366,306 shares during the last quarter. Capital International Investors raised its stake 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 buying an additional 336,665 shares in the last quarter. Millennium Management LLC lifted its holdings in TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after buying an additional 922,571 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of TPG by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 1,240,450 shares of the company’s stock worth $51,417,000 after acquiring an additional 151,317 shares in the last quarter. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TPG shares. Morgan Stanley raised their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company increased their target price on shares of TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price target 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. Finally, TD Cowen decreased their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a report on Monday, July 8th. Seven research 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 currently has a consensus rating of “Hold” and a consensus target price of $52.25.

TPG Trading Down 6.3 %

Shares of TPG opened at $61.79 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $22.54 billion, a price-to-earnings ratio of -174.17, a PEG ratio of 1.07 and a beta of 1.49. The stock has a fifty day moving average price of $58.52 and a two-hundred day moving average price of $49.13. TPG Inc. has a 52-week low of $28.93 and a 52-week high of $69.86.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The business had revenue of $744.19 million for the quarter, compared to analysts’ expectations of $449.34 million. During the same quarter last year, the business earned $0.26 earnings per share. Analysts predict that TPG Inc. will post 1.96 EPS for the current fiscal year.

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.