Nuveen LLC Takes $8.85 Million Position in TPG Inc. $TPG

Nuveen LLC purchased a new stake in shares of TPG Inc. (NASDAQ:TPG) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 186,493 shares of the company’s stock, valued at approximately $8,845,000. Nuveen LLC owned about 0.05% of TPG at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of TPG by 27.0% during the 1st quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock valued at $68,000 after acquiring an additional 307 shares during the last quarter. Allworth Financial LP boosted its position in shares of TPG by 132.3% during the 1st quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $30,000 after acquiring an additional 369 shares during the last quarter. Comerica Bank boosted its position in shares of TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after acquiring an additional 450 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of TPG by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 8,010 shares of the company’s stock valued at $380,000 after acquiring an additional 521 shares during the last quarter. Finally, Mariner LLC boosted its position in shares of TPG by 16.3% during the 4th quarter. Mariner LLC now owns 4,151 shares of the company’s stock valued at $261,000 after acquiring an additional 582 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Up 1.4%

Shares of NASDAQ:TPG opened at $60.94 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. The firm has a market capitalization of $23.03 billion, a PE ratio of -320.74, a price-to-earnings-growth ratio of 1.28 and a beta of 1.56. The firm’s 50-day moving average is $56.34 and its two-hundred day moving average is $52.05. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.24. The company had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. Analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.9%. This is a boost from TPG’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, August 18th. TPG’s payout ratio is currently -1,242.11%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TPG shares. Wells Fargo & Company boosted their price target 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. Evercore ISI upped their target price on shares of TPG from $52.00 to $60.00 and gave the company an “in-line” rating in a research report on Friday, August 8th. Wolfe Research started coverage on shares of TPG in a research report on Friday, June 20th. They issued an “outperform” rating and a $60.00 target price on the stock. UBS Group decreased their target price on shares of TPG from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of TPG from $56.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, TPG has an average rating of “Moderate Buy” and a consensus price target of $62.57.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the business’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total transaction of $101,150.72. Following the sale, the director directly owned 16,807 shares in the company, valued at $946,570.24. This represents 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 at the SEC website. 69.98% of the stock is owned by company 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.