EP Wealth Advisors LLC Reduces Stock Holdings in TPG Inc. $TPG

EP Wealth Advisors LLC reduced its holdings in shares of TPG Inc. (NASDAQ:TPG) by 42.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,521 shares of the company’s stock after selling 3,329 shares during the period. EP Wealth Advisors LLC’s holdings in TPG were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP increased its holdings 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 acquiring an additional 369 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in TPG during the 4th quarter worth approximately $67,000. Comerica Bank increased its stake in 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 purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc increased its stake in TPG by 12,263.6% during the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company’s stock valued at $65,000 after purchasing an additional 1,349 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of TPG by 27.0% in the first quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock worth $68,000 after buying an additional 307 shares during the last quarter. Institutional investors and hedge funds 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 company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value 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. This represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 76.48% of the company’s stock.

TPG Stock Down 0.1%

Shares of TPG opened at $58.95 on Wednesday. The company has a market capitalization of $22.28 billion, a price-to-earnings ratio of -310.26, a PEG ratio of 1.24 and a beta of 1.56. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98. The stock’s 50-day moving average price is $58.37 and its 200-day moving average price is $52.00. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.24. The company 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%.TPG’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. On average, sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from TPG’s previous quarterly dividend of $0.41. This represents a $2.36 dividend on an annualized basis and a yield of 4.0%. TPG’s dividend payout ratio is presently -1,242.11%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wolfe Research assumed 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. Citigroup raised their price objective on TPG from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. The Goldman Sachs Group lifted their target price on TPG from $61.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on shares of TPG from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Evercore ISI raised their price target on shares of TPG from $52.00 to $60.00 and gave the stock an “in-line” rating in a research report on Friday, August 8th. One research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.57.

About TPG

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.