TPG Inc. (NASDAQ:TPG) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in shares of TPG Inc. (NASDAQ:TPG) by 4.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 437,237 shares of the company’s stock after buying an additional 18,629 shares during the quarter. Thrivent Financial for Lutherans’ holdings in TPG were worth $25,168,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of TPG during the second quarter worth about $25,000. Signaturefd LLC raised its holdings in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares in the last quarter. Covestor Ltd raised its holdings in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after purchasing an additional 1,715 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in TPG during the first quarter worth about $112,000. Finally, KBC Group NV raised its holdings in TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares in the last quarter. Institutional investors and hedge funds own 86.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TPG. TD Cowen cut their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target 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 increased their price target on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.83.

TPG Trading Up 2.2 %

Shares of TPG opened at $67.92 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a 50 day simple moving average of $62.36 and a 200-day simple moving average of $51.02. TPG Inc. has a 1-year low of $34.07 and a 1-year high of $70.67. The stock has a market cap of $24.79 billion, a price-to-earnings ratio of -199.76, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49.

TPG (NASDAQ:TPG) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) 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 last year, the business earned $0.56 earnings per share. Equities analysts forecast that TPG Inc. will post 1.94 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.24%. TPG’s dividend payout ratio (DPR) is currently -447.05%.

TPG 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.