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Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 65,973 TPG Inc. (NASDAQ:TPG)

TPG logo with Finance background

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 65,973 shares of the company's stock, valued at approximately $3,129,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP lifted its stake in TPG by 132.3% in the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock valued at $30,000 after buying an additional 369 shares in the last quarter. Versant Capital Management Inc lifted its stake in TPG by 12,263.6% in the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock valued at $65,000 after buying an additional 1,349 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in TPG in the 4th quarter valued at about $67,000. Comerica Bank lifted its stake in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after buying an additional 450 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in TPG by 27.0% in the 1st quarter. Signaturefd LLC now owns 1,443 shares of the company's stock valued at $68,000 after buying an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

TPG Stock Down 2.2%

TPG stock traded down $1.23 during mid-day trading on Friday, hitting $55.84. 1,328,442 shares of the company were exchanged, compared to its average volume of 1,669,128. The firm has a fifty day simple moving average of $52.54 and a 200 day simple moving average of $52.78. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.42. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The company has a market capitalization of $20.79 billion, a PE ratio of -169.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.55.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $476.26 million during the quarter, compared to the consensus estimate of $459.75 million. TPG had a net margin of 0.90% and a return on equity of 24.47%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.64 annualized dividend and a dividend yield of 2.9%. TPG's payout ratio is currently -496.97%.

Insider Activity at TPG

In related news, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 16,807 shares in the company, valued at $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 69.98% of the company's stock.

Analyst Ratings Changes

TPG has been the topic of a number of research reports. TD Cowen decreased their target price on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company raised their target price on shares of TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. The Goldman Sachs Group decreased their target price on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. BNP Paribas raised shares of TPG to a "strong-buy" rating in a research note on Wednesday. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $47.00 target price (down from $80.00) on shares of TPG in a research note on Monday, April 14th. 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, TPG presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.43.

Get Our Latest Stock Analysis on TPG

TPG Profile

(Free Report)

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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Institutional Ownership by Quarter for TPG (NASDAQ:TPG)

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