Teacher Retirement System of Texas Takes Position in TPG Inc. (NASDAQ:TPG)

Teacher Retirement System of Texas purchased a new stake in shares of TPG Inc. (NASDAQ:TPG) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,389 shares of the company’s stock, valued at approximately $540,000.

A number of other hedge funds have also bought and sold shares of the business. Versant Capital Management Inc increased its holdings in TPG by 12,263.6% in the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company’s stock worth $65,000 after acquiring an additional 1,349 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of TPG in the fourth quarter worth about $67,000. Comerica Bank raised its position in shares of TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after purchasing an additional 450 shares during the period. Vicus Capital bought a new stake in shares of TPG in the first quarter valued at approximately $204,000. Finally, Stifel Financial Corp purchased a new stake in shares of TPG during the 4th quarter valued at approximately $206,000. 94.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TPG news, major shareholder Samantha Holloway sold 21,000,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total value of $977,970,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 69.98% of the company’s stock.

Analysts Set New Price Targets

TPG has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of TPG from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Bank of America cut their price target on shares of TPG from $72.00 to $68.00 and set a “buy” rating for the company in a report on Friday, April 4th. UBS Group decreased their price target on shares of TPG from $72.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Wolfe Research assumed coverage on TPG in a research report on Friday, June 20th. They issued an “outperform” rating and a $60.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $47.00 price target (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.77.

TPG Stock Performance

Shares of TPG stock opened at $56.36 on Thursday. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. The firm has a market capitalization of $20.99 billion, a P/E ratio of -170.79, a P/E/G ratio of 1.16 and a beta of 1.55. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $51.09 and a two-hundred day simple moving average of $53.31.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). TPG had a return on equity of 24.47% and a net margin of 0.90%. The company had revenue of $476.26 million during the quarter, compared to the consensus estimate of $459.75 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Monday, May 19th. TPG’s dividend payout ratio (DPR) is presently -496.97%.

TPG Company 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.