In yesterday’s Wall Street session, TPG Inc. (NASDAQ:TPG) shares traded at $27.83, down -1.45% from the previous session.
TPG stock price is now -13.50% away from the 50-day moving average and -4.69% away from the 200-day moving average. The market capitalization of the company currently stands at $8.49B.
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With the price target of $27.50, Credit Suisse recently initiated with Neutral rating for TPG Inc. (NASDAQ: TPG). On October 17, 2022, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $30, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’.
A total of 12.81% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TPG stock. A new stake in TPG Inc. shares was purchased by PENDAL GROUP LTD during the first quarter worth $78,651,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $2,903,000 in shares of TPG during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in TPG Inc. valued at approximately $1,706,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in TPG for approximately $1,575,000. OCCUDO QUANTITATIVE STRATEGIES LP purchased a new stake in TPG valued at around $864,000 in the second quarter. In total, there are 137 active investors with 65.70% ownership of the company’s stock.
On Friday morning TPG Inc. (NASDAQ: TPG) stock kicked off with the opening price of $27.77. During the past 12 months, TPG Inc. has had a low of $23.09 and a high of $44.43. The fifty day moving average price for TPG is $32.17 and a two-hundred day moving average price translates $29.19 for the stock.
The latest earnings results from TPG Inc. (NASDAQ: TPG) was released for Jun, 2022. According to the Asset Management Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.29 by 0.17. This compares to $1.68 EPS in the same period last year. The net profit margin was 4.20% and return on equity was 6.30% for TPG. The company reported revenue of $561.12 million for the quarter, compared to $511.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.75 percent. For the current quarter, analysts expect TPG to generate $316.32M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/02/2022. Investors who held shares on 11/21/2022 were paid a $0.26 dividend. On an annualized basis, this represents a $1.04 dividend and a 3.74% percent yield. There was an ex-dividend date of 11/18/2022 for this dividend. In terms of dividend payout ratio, TPG is presently at 239.90%.
TPG Inc.(TPG) Company Profile
TPG Inc. operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies. The company invests in private equity funds, real estate funds, fund of hedge funds, and credit funds. TPG Inc. was founded in 1992 and is headquartered in Fort Worth, Texas. TPG Inc. operates as a subsidiary of TPG GP A, LLC.
