Barclays PLC Purchases 597,972 Shares of TPG Inc. (NASDAQ:TPG)

Barclays PLC raised its position in shares of TPG Inc. (NASDAQ:TPG) by 14,739.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 602,029 shares of the company’s stock after purchasing an additional 597,972 shares during the period. Barclays PLC owned about 0.16% of TPG worth $34,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of TPG in the 2nd quarter worth approximately $25,000. Signaturefd LLC boosted its position in 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 acquiring an additional 188 shares in the last quarter. Covestor Ltd increased its holdings in shares of TPG by 1,128.3% in 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 shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. Finally, Quarry LP lifted its stake in shares of TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after purchasing an additional 1,846 shares during the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TPG has been the topic of several analyst reports. Evercore ISI lifted their target price on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. TD Cowen reduced their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley raised their target price on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price target on TPG from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price objective on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.08.

TPG Price Performance

Shares of NASDAQ:TPG opened at $66.88 on Friday. TPG Inc. has a twelve month low of $38.20 and a twelve month high of $72.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The company has a market cap of $24.41 billion, a PE ratio of -196.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.46. The company’s 50 day moving average is $66.58 and its 200 day moving average is $54.16.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, sell-side analysts forecast that TPG Inc. will post 1.95 EPS for the current year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. TPG’s payout ratio is -447.05%.

TPG Company 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.