4,703 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,703 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in TPG by 327.6% during the 4th quarter. Signaturefd LLC now owns 945 shares of the company’s stock worth $41,000 after buying an additional 724 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in TPG in the fourth quarter valued at approximately $51,000. SG Americas Securities LLC acquired a new stake in TPG during the fourth quarter worth approximately $164,000. Truist Financial Corp acquired a new position in shares of TPG in the 4th quarter valued at $203,000. Finally, Raymond James & Associates purchased a new position in shares of TPG in the 4th quarter valued at $216,000. Hedge funds and other institutional investors own 86.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TPG shares. The Goldman Sachs Group reissued a “buy” rating on shares of TPG in a research report on Monday, April 1st. TheStreet downgraded TPG from a “c” rating to a “d” rating in a research note on Monday, March 18th. JMP Securities reissued a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. UBS Group lifted their target price on shares of TPG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Morgan Stanley upgraded shares of TPG from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $43.00 to $52.00 in a research note on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, TPG currently has a consensus rating of “Hold” and an average price target of $42.50.

TPG Stock Down 1.0 %

Shares of NASDAQ TPG opened at $41.21 on Monday. The firm’s 50-day moving average is $42.52 and its two-hundred day moving average is $42.67. The company has a market capitalization of $15.03 billion, a PE ratio of -294.34, a price-to-earnings-growth ratio of 0.72 and a beta of 1.55. TPG Inc. has a 12-month low of $26.03 and a 12-month high of $47.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last announced its earnings results on Wednesday, May 8th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. TPG had a return on equity of 21.16% and a net margin of 2.74%. The firm had revenue of $512.30 million for the quarter, compared to analysts’ expectations of $452.87 million. During the same quarter in the prior year, the firm earned $0.24 EPS. TPG’s quarterly revenue was up 64.5% on a year-over-year basis. Equities analysts anticipate that TPG Inc. will post 2.02 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a dividend of $0.41 per share. The ex-dividend date was Friday, May 17th. This represents a $1.64 dividend on an annualized basis and a yield of 3.98%. TPG’s dividend payout ratio (DPR) is currently -1,171.34%.

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.