TPG Inc. (NASDAQ:TPG) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in shares of TPG Inc. (NASDAQ:TPG) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,132 shares of the company’s stock after purchasing an additional 230 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TPG were worth $296,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in TPG by 21.6% during the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after buying an additional 1,305,799 shares in the last quarter. Norges Bank purchased a new position in TPG during the fourth quarter worth $52,189,000. Capital International Investors increased its position in TPG by 9.6% during the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock worth $172,581,000 after buying an additional 336,665 shares in the last quarter. Putnam Investments LLC increased its position in TPG by 8.6% during the fourth quarter. Putnam Investments LLC now owns 2,362,082 shares of the company’s stock worth $101,971,000 after buying an additional 187,183 shares in the last quarter. Finally, South Street Advisors LLC increased its position in TPG by 62.0% during the fourth quarter. South Street Advisors LLC now owns 430,573 shares of the company’s stock worth $18,588,000 after buying an additional 164,845 shares in the last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TPG shares. TD Cowen lowered their price objective on TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, July 8th. The Goldman Sachs Group lifted their price objective on TPG from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Wells Fargo & Company started coverage on TPG in a research report on Thursday, September 12th. They issued an “overweight” rating and a $60.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Six 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.25.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the sale, the director now directly owns 17,536 shares of the company’s stock, valued at $816,300.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 76.48% of the company’s stock.

TPG Price Performance

TPG stock opened at $58.60 on Tuesday. The stock has a 50-day moving average price of $49.87 and a two-hundred day moving average price of $45.43. TPG Inc. has a 12-month low of $26.62 and a 12-month high of $60.35. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. The company has a market cap of $21.37 billion, a PE ratio of -418.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.52.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $744.19 million for the quarter, compared to analysts’ expectations of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same quarter in the previous year, the firm posted $0.26 earnings per share. As a group, research analysts predict that TPG Inc. will post 2.01 EPS for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.42 dividend. This is a boost from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.87%. TPG’s payout ratio is -1,200.00%.

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.