CacheTech Inc. Makes New $204,000 Investment in TPG Inc. $TPG

Key Points

• CacheTech Inc. recently invested approximately $204,000 in TPG Inc., acquiring 4,329 shares in the first quarter.
• Major shareholder Samantha Holloway sold 21 million shares in May, totaling nearly $978 million, while company insiders collectively own about 69.98% of the stock.
• TPG Inc. announced an increase in its quarterly dividend from $0.41 to $0.59 per share, reflecting a dividend yield of 3.7%.

CacheTech Inc. acquired a new position in TPG Inc. (NASDAQ:TPG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 4,329 shares of the company's stock, valued at approximately $204,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of TPG by 12.5% in the 1st quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company's stock valued at $441,254,000 after purchasing an additional 1,037,225 shares during the period. Capital World Investors lifted its stake in shares of TPG by 484.6% in the 4th quarter. Capital World Investors now owns 3,065,321 shares of the company's stock valued at $192,625,000 after purchasing an additional 2,541,013 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of TPG by 43.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company's stock valued at $141,584,000 after purchasing an additional 683,572 shares during the period. Millennium Management LLC lifted its stake in shares of TPG by 66.8% in the 4th quarter. Millennium Management LLC now owns 2,243,815 shares of the company's stock valued at $141,001,000 after purchasing an additional 898,943 shares during the period. Finally, TimesSquare Capital Management LLC lifted its stake in shares of TPG by 8.0% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,845,646 shares of the company's stock valued at $87,539,000 after purchasing an additional 137,110 shares during the period. 94.03% of the stock is currently owned by institutional investors.

TPG Price Performance

Shares of NASDAQ TPG traded up $1.30 during mid-day trading on Friday, reaching $61.39. The company's stock had a trading volume of 803,840 shares, compared to its average volume of 1,710,275. The firm has a market capitalization of $23.20 billion, a PE ratio of -323.05, a P/E/G ratio of 1.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a fifty day moving average of $56.12 and a two-hundred day moving average of $52.15. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $470.57 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, August 18th. This is an increase from TPG's previous quarterly dividend of $0.41. TPG's dividend payout ratio (DPR) is -1,242.11%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group lowered their target price on TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Citigroup raised their target price on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Wolfe Research initiated coverage on TPG in a research note on Friday, June 20th. They set an "outperform" rating and a $60.00 price objective for the company. BNP Paribas upgraded TPG to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company lifted 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, TPG presently has an average rating of "Moderate Buy" and a consensus price target of $62.57.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the completion of the sale, the director owned 16,807 shares of the company's stock, valued at $946,570.24. This trade represents a 9.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 69.98% of the stock is owned by insiders.

TPG 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.