4,677 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. acquired a new position in TPG Inc. (NASDAQ:TPG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,677 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in TPG in the 2nd quarter worth approximately $25,000. Signaturefd LLC grew its holdings in TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares during the period. Covestor Ltd grew its holdings in TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after acquiring an additional 1,715 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TPG during the 1st quarter worth $112,000. Finally, Shoker Investment Counsel Inc. acquired a new stake in TPG during the 3rd quarter worth $203,000. Institutional investors own 86.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TPG. BMO Capital Markets lifted their target price on shares of TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their target price on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company boosted 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. Finally, Evercore ISI boosted their price target on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, TPG currently has an average rating of “Hold” and an average price target of $58.83.

TPG Stock Down 0.5 %

Shares of TPG stock opened at $67.56 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The firm’s 50-day moving average is $62.69 and its 200-day moving average is $51.13. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of -198.71, a PEG ratio of 1.08 and a beta of 1.49. TPG Inc. has a 52-week low of $34.07 and a 52-week high of $70.67.

TPG (NASDAQ:TPG) last issued 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 company had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period in the prior year, the firm earned $0.56 EPS. Sell-side analysts predict that TPG Inc. will post 1.94 EPS for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. TPG’s payout ratio is presently -447.06%.

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.