TPG Inc. (NASDAQ:TPG) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in shares of TPG Inc. (NASDAQ:TPGFree Report) by 13.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,773 shares of the company’s stock after buying an additional 2,313 shares during the period. The Manufacturers Life Insurance Company’s holdings in TPG were worth $820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in TPG by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock valued at $296,000 after acquiring an additional 230 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of TPG by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after purchasing an additional 500 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of TPG during the second quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. increased its stake in TPG by 5.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock valued at $556,000 after buying an additional 680 shares during the period. Finally, Principal Financial Group Inc. raised its position in TPG by 18.9% during the 1st quarter. Principal Financial Group Inc. now owns 6,291 shares of the company’s stock worth $281,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

Insider Buying and Selling at TPG

In related news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the transaction, the director now owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 76.48% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on TPG shares. TD Cowen lowered their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Morgan Stanley boosted their target price on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their price target on TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their price objective on TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, TPG has a consensus rating of “Moderate Buy” and a consensus target price of $51.55.

Get Our Latest Research Report on TPG

TPG Trading Up 1.4 %

NASDAQ:TPG opened at $60.54 on Monday. The company has a market capitalization of $22.09 billion, a PE ratio of -172.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.53. TPG Inc. has a 52-week low of $26.62 and a 52-week high of $61.41. The stock has a fifty day simple moving average of $52.82 and a 200-day simple moving average of $46.82. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPGGet Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $744.19 million during the quarter, compared to analysts’ expectations of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, equities research analysts expect that TPG Inc. will post 1.99 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.42 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a yield of 2.78%. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio is presently -479.99%.

TPG Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TPG (NASDAQ:TPG)

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