12,705 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP acquired 12,705 shares of TPG Inc., valued at approximately $603,000, as reported in its Form 13F filing with the SEC.
• TPG has increased its quarterly dividend from $0.41 to $0.59 per share, which represents a dividend yield of 3.7%.
• In the latest earnings report, TPG posted $0.69 earnings per share, exceeding analysts' estimates, with revenue reaching $495.12 million, an 8.9% increase year-over-year.

Entropy Technologies LP purchased a new position in TPG Inc. (NASDAQ:TPG - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,705 shares of the company's stock, valued at approximately $603,000.

A number of other large investors also recently added to or reduced their stakes in TPG. Allworth Financial LP raised its holdings in shares of TPG by 132.3% during the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after acquiring an additional 369 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of TPG during the 4th quarter valued at approximately $67,000. Comerica Bank increased 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 purchasing an additional 450 shares during the last quarter. Versant Capital Management Inc increased its position in shares of 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 during the last quarter. Finally, Signaturefd LLC increased 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 purchasing an additional 307 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Price Performance

TPG opened at $63.71 on Wednesday. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $72.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. The business's fifty day simple moving average is $54.44 and its 200-day simple moving average is $52.27. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of -335.32, a PEG ratio of 1.33 and a beta of 1.56.

TPG (NASDAQ:TPG - Get Free Report) last posted 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. TPG had a return on equity of 25.79% and a net margin of 1.60%. The business had revenue of $495.12 million for the quarter, compared to the consensus estimate of $470.57 million. During the same quarter in the prior year, the company earned $0.49 EPS. The business's revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TPG shares. Citigroup boosted their target price on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Wells Fargo & Company boosted their target price on TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their target price on TPG from $56.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Wolfe Research started coverage on TPG in a research report on Friday, June 20th. They set an "outperform" rating and a $60.00 target price on the stock. Finally, BNP Paribas Exane raised TPG from a "neutral" rating to an "outperform" rating and set a $69.00 target price on the stock in a research report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $62.57.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,796 shares of the company'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 sale, the director directly owned 16,807 shares in the company, valued at $946,570.24. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Samantha Holloway sold 21,000,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was 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. Corporate insiders own 76.48% of the company's stock.

TPG Company 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.

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