TPG Inc. (NASDAQ:TPG) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of TPG Inc. (NASDAQ:TPG) by 15.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,802 shares of the company’s stock after purchasing an additional 9,565 shares during the quarter. Cerity Partners LLC’s holdings in TPG were worth $3,311,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TPG. Capital World Investors grew its position in shares of TPG by 484.6% in the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock valued at $192,625,000 after purchasing an additional 2,541,013 shares during the period. Norges Bank purchased a new position in TPG in the 4th quarter valued at about $100,675,000. JPMorgan Chase & Co. lifted its stake in TPG by 2,515.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock valued at $104,296,000 after buying an additional 1,596,254 shares in the last quarter. Millennium Management LLC boosted its holdings in TPG by 66.8% in the 4th quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock worth $141,001,000 after buying an additional 898,943 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in TPG by 43.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company’s stock worth $141,584,000 after buying an additional 683,572 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the sale, the director owned 16,807 shares of the company’s stock, valued at $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Samantha Holloway sold 21,000,000 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total value of $977,970,000.00. The disclosure for this sale can be found here. Company insiders own 69.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TPG. UBS Group decreased their target price on TPG from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Wolfe Research initiated coverage on TPG in a report on Friday, June 20th. They issued an “outperform” rating and a $60.00 price objective on the stock. Citigroup lifted their target price on shares of TPG from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. TD Cowen dropped their target price on shares of TPG from $65.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their target price on shares of TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Seven equities research 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, TPG presently has an average rating of “Moderate Buy” and an average target price of $59.77.

TPG Stock Performance

Shares of TPG stock opened at $56.09 on Friday. The firm has a market cap of $20.89 billion, a PE ratio of -169.97, a price-to-earnings-growth ratio of 1.21 and a beta of 1.55. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.42. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98. The business’s fifty day simple moving average is $51.38 and its 200-day simple moving average is $53.22.

TPG (NASDAQ:TPG) last posted its 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). The company had revenue of $476.26 million during the quarter, compared to analyst estimates of $459.75 million. TPG had a net margin of 0.90% and a return on equity of 24.47%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. Equities analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.64 annualized dividend and a dividend yield of 2.92%. TPG’s dividend payout ratio is currently -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.