Charles Schwab Investment Management Inc. Purchases 31,638 Shares of TPG Inc. (NASDAQ:TPG)

Charles Schwab Investment Management Inc. grew its holdings in shares of TPG Inc. (NASDAQ:TPG) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 770,998 shares of the company’s stock after purchasing an additional 31,638 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.21% of TPG worth $44,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in TPG during the second quarter valued at $25,000. Signaturefd LLC lifted its position in shares of TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares in the last quarter. Covestor Ltd grew its stake in shares of TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares during the period. KBC Group NV increased its holdings in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares in the last quarter. Finally, Shoker Investment Counsel Inc. bought a new stake in TPG during the 3rd quarter worth approximately $203,000. Institutional investors own 86.79% of the company’s stock.

TPG Trading Up 0.2 %

TPG stock opened at $69.96 on Monday. The firm has a market cap of $25.53 billion, a PE ratio of -205.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. The firm has a fifty day moving average price of $64.53 and a 200 day moving average price of $52.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. TPG Inc. has a fifty-two week low of $34.50 and a fifty-two week high of $72.98.

TPG (NASDAQ:TPG) last posted its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $855.40 million for 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 in the previous year, the firm posted $0.56 EPS. Sell-side analysts anticipate that TPG Inc. will post 1.95 earnings per share for the current fiscal 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. This represents a $1.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, November 14th. TPG’s payout ratio is -447.05%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased 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. Morgan Stanley increased their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price objective on TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price target on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $58.83.

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.