US Bancorp DE Grows Stake in TPG Inc. (NASDAQ:TPG)

US Bancorp DE raised its stake in TPG Inc. (NASDAQ:TPG) by 27.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,237 shares of the company’s stock after acquiring an additional 1,330 shares during the period. US Bancorp DE’s holdings in TPG were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Treasurer of the State of North Carolina grew its stake in shares of TPG by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock worth $2,322,000 after acquiring an additional 230 shares during the last quarter. Signaturefd LLC boosted its position in shares of TPG by 27.0% during the first quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock valued at $68,000 after buying an additional 307 shares during the last quarter. Allworth Financial LP boosted its position in shares of TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $30,000 after buying an additional 369 shares during the last quarter. Comerica Bank boosted its position in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after buying an additional 450 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of TPG by 7.0% during the first quarter. QRG Capital Management Inc. now owns 8,010 shares of the company’s stock valued at $380,000 after buying an additional 521 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Stock Performance

NASDAQ:TPG opened at $64.17 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.40 and a quick ratio of 0.40. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98. The stock’s 50 day simple moving average is $55.07 and its two-hundred day simple moving average is $52.34. The company has a market cap of $23.89 billion, a price-to-earnings ratio of -337.74, a PEG ratio of 1.40 and a beta of 1.56.

TPG (NASDAQ:TPG) last announced its earnings results on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.24. The firm had revenue of $495.12 million during the quarter, compared to analysts’ expectations of $470.57 million. TPG had a return on equity of 25.79% and a net margin of 1.60%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, equities analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 18th. This is an increase from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is presently -863.16%.

Analyst Ratings Changes

TPG has been the topic of several recent analyst reports. Evercore ISI increased their price objective on TPG from $52.00 to $60.00 and gave the company an “in-line” rating in a research report on Friday, August 8th. BNP Paribas Exane raised TPG from a “neutral” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research report on Wednesday, July 30th. UBS Group dropped their price objective on TPG from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group increased their price objective on TPG from $61.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Wolfe Research initiated coverage on TPG in a research report on Friday, June 20th. They set an “outperform” rating and a $60.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TPG currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.57.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of TPG stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total transaction of $101,150.72. Following the completion of the sale, the director directly owned 16,807 shares of the company’s stock, valued at $946,570.24. The trade was a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Samantha Holloway sold 21,000,000 shares of TPG stock in a transaction on Thursday, May 22nd. The shares were 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. 69.98% of the stock is owned by insiders.

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.