Alyeska Investment Group L.P. Has $5.82 Million Stock Holdings in TPG Inc. $TPG

Key Points

• Alyeska Investment Group L.P. reduced its stake in TPG Inc. by 41.6% during the first quarter, lowering its holdings to 122,781 shares worth approximately $5.82 million.
• TPG recently declared a quarterly dividend of $0.59, boosting its annualized payout to $2.36, which represents a 4.0% yield.
• Analysts have a consensus rating of "Moderate Buy" for TPG, with a target price averaging $62.57, indicating positive sentiment regarding the stock's outlook.

Alyeska Investment Group L.P. decreased its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 41.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 122,781 shares of the company's stock after selling 87,501 shares during the quarter. Alyeska Investment Group L.P.'s holdings in TPG were worth $5,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in TPG by 132.3% during the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock valued at $30,000 after acquiring an additional 369 shares during the period. Versant Capital Management Inc boosted 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 acquiring an additional 1,349 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in TPG in the fourth quarter worth approximately $67,000. Comerica Bank increased its position in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after acquiring an additional 450 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in TPG by 27.0% during the first quarter. Signaturefd LLC now owns 1,443 shares of the company's stock worth $68,000 after purchasing an additional 307 shares in the last quarter. Institutional investors own 94.03% of the company's stock.

Insider Activity at TPG

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

Analysts Set New Price Targets

TPG has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Citigroup increased their price target on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. BNP Paribas raised TPG to a "strong-buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on shares of TPG from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group raised their price objective on shares of TPG from $61.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.57.

TPG Price Performance

TPG traded up $0.67 on Wednesday, reaching $59.62. The company had a trading volume of 944,348 shares, compared to its average volume of 1,696,306. TPG Inc. has a one year low of $37.52 and a one year high of $72.98. The company has a market capitalization of $22.53 billion, a P/E ratio of -313.81, a PEG ratio of 1.24 and a beta of 1.56. The company has a fifty day moving average of $58.37 and a 200-day moving average of $52.00. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share 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 firm had revenue of $495.12 million during the quarter, compared to the consensus estimate of $470.57 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.59 per share. This is a boost from TPG's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.0%. TPG's dividend payout ratio (DPR) is -1,242.11%.

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.