CW Advisors LLC Invests $36.78 Million in TPG Inc. $TPG

Key Points

• CW Advisors LLC has acquired a stake in TPG Inc., purchasing 775,449 shares valued at approximately $36.78 million, representing around 0.21% of the company.
• TPG recently increased its quarterly dividend from $0.41 to $0.59, which equates to a 4.0% dividend yield for shareholders.
• Analysts have raised their price targets for TPG, with Goldman Sachs increasing its target from $61 to $69 while maintaining a "buy" rating on the stock.

CW Advisors LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 775,449 shares of the company's stock, valued at approximately $36,780,000. CW Advisors LLC owned 0.21% of TPG at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of TPG by 27.0% during the first quarter. Signaturefd LLC now owns 1,443 shares of the company's stock worth $68,000 after buying an additional 307 shares during the period. Allworth Financial LP lifted its position in TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company's stock valued at $30,000 after purchasing an additional 369 shares during the period. Comerica Bank lifted its position in 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 purchasing an additional 450 shares during the period. QRG Capital Management Inc. lifted its position in TPG by 7.0% during the first quarter. QRG Capital Management Inc. now owns 8,010 shares of the company's stock valued at $380,000 after purchasing an additional 521 shares during the period. Finally, Mariner LLC lifted its position in TPG by 16.3% during the fourth quarter. Mariner LLC now owns 4,151 shares of the company's stock valued at $261,000 after purchasing an additional 582 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TPG shares. Evercore ISI boosted their target price on shares of TPG from $52.00 to $60.00 and gave the company an "in-line" rating in a research report on Friday, August 8th. Wolfe Research started coverage on shares of TPG in a research report on Friday, June 20th. They set an "outperform" rating and a $60.00 target price for the company. Citigroup boosted their target price on shares of 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 shares of TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, UBS Group decreased their target price on shares of TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One equities 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 MarketBeat, TPG currently has an average rating of "Moderate Buy" and an average price target of $62.57.

TPG Price Performance

Shares of TPG stock traded up $0.85 during trading hours on Friday, reaching $60.94. The stock had a trading volume of 1,960,831 shares, compared to its average volume of 1,956,324. The stock's 50 day moving average is $56.34 and its 200 day moving average is $52.05. The firm has a market capitalization of $23.03 billion, a PE ratio of -320.74, a PEG ratio of 1.28 and a beta of 1.56. TPG Inc. has a twelve month low of $37.52 and a twelve 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.

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

TPG Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 18th. TPG's dividend payout ratio is presently -1,242.11%.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction dated 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 owned 16,807 shares of the company's stock, valued at $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 69.98% of the stock is owned by corporate insiders.

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.