Cresset Asset Management LLC Invests $216,000 in TPG Inc. $TPG

Cresset Asset Management LLC bought a new stake in TPG Inc. (NASDAQ:TPG) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,549 shares of the company’s stock, valued at approximately $216,000.

Several other large investors have also modified their holdings of TPG. Raymond James Financial Inc. bought a new stake in TPG in the fourth quarter valued at about $615,000. Mariner LLC grew its position in shares of TPG by 16.3% in the 4th quarter. Mariner LLC now owns 4,151 shares of the company’s stock worth $261,000 after acquiring an additional 582 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of TPG in the 4th quarter worth approximately $1,701,000. Tower Research Capital LLC TRC increased its holdings in shares of TPG by 3,129.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,005 shares of the company’s stock valued at $315,000 after acquiring an additional 4,850 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of TPG during the 4th quarter valued at approximately $206,000. Institutional investors own 94.03% of the company’s stock.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the business’s 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 transaction, the director owned 16,807 shares in the company, valued at approximately $946,570.24. The trade was a 9.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 76.48% of the stock is owned by insiders.

TPG Trading Up 1.9%

TPG stock opened at $61.46 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $56.80 and a two-hundred day moving average price of $52.01. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of -323.47, a PEG ratio of 1.26 and a beta of 1.56. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, beating the consensus estimate 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%. TPG’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. Sell-side analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend 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 -1,242.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group decreased their price objective on shares of TPG from $72.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Wells Fargo & Company lifted their price target on shares of TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Evercore ISI increased their price objective on shares of TPG from $52.00 to $60.00 and gave the stock an “in-line” rating in a research note on Friday, August 8th. BNP Paribas raised shares of TPG to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Wolfe Research started coverage on TPG in a research note on Friday, June 20th. They issued an “outperform” rating and a $60.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.57.

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.