Strs Ohio Purchases Shares of 22,289 TPG Inc. $TPG

Strs Ohio purchased a new stake in shares of TPG Inc. (NASDAQ:TPG) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,289 shares of the company’s stock, valued at approximately $1,057,000.

A number of other large investors have also added to or reduced their stakes in TPG. Ameriprise Financial Inc. purchased a new stake in TPG during the fourth quarter valued at about $236,000. Focus Partners Wealth purchased a new stake in TPG during the fourth quarter valued at about $228,000. Janus Henderson Group PLC raised its position in TPG by 15.1% during the fourth quarter. Janus Henderson Group PLC now owns 34,397 shares of the company’s stock valued at $2,162,000 after purchasing an additional 4,500 shares in the last quarter. Nuveen Asset Management LLC raised its position in TPG by 6.5% during the fourth quarter. Nuveen Asset Management LLC now owns 200,149 shares of the company’s stock valued at $12,577,000 after purchasing an additional 12,163 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in TPG by 33.6% during the fourth quarter. Two Sigma Investments LP now owns 141,797 shares of the company’s stock valued at $8,911,000 after purchasing an additional 35,662 shares in the last quarter. Hedge funds and other 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 shares were 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 69.98% of the company’s stock.

TPG Price Performance

TPG stock opened at $63.73 on Friday. The firm has a 50 day moving average price of $59.47 and a 200-day moving average price of $52.36. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98. The firm has a market capitalization of $24.08 billion, a price-to-earnings ratio of -335.42, a PEG ratio of 1.31 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40.

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

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was 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%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research upgraded TPG from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. BNP Paribas upgraded TPG to a “strong-buy” rating in a report on Wednesday, July 30th. Citigroup lifted their price objective on TPG from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. BNP Paribas Exane upgraded TPG from a “neutral” rating to an “outperform” rating and set a $69.00 price objective on the stock in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their price objective on TPG from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.