775,449 Shares in TPG Inc. $TPG Purchased by CW Advisors LLC

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 stake in TPG Inc. (NASDAQ:TPG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 775,449 shares of the company's stock, valued at approximately $36,780,000. CW Advisors LLC owned approximately 0.21% of TPG at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in TPG by 27.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,250 shares of the company's stock valued at $1,396,000 after acquiring an additional 6,267 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in TPG in the first quarter valued at $237,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in TPG by 62.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,590 shares of the company's stock valued at $360,000 after acquiring an additional 2,913 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in TPG in the fourth quarter valued at $11,852,000. Finally, Partners Group Holding AG boosted its stake in TPG by 53.2% in the first quarter. Partners Group Holding AG now owns 528,824 shares of the company's stock valued at $25,082,000 after acquiring an additional 183,570 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of TPG in a research note on Friday, June 20th. They issued an "outperform" rating and a $60.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of TPG from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. 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 note on Thursday, May 1st. BNP Paribas upgraded shares of TPG to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Citigroup increased their target price on shares of TPG from $56.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.57.

Insider Transactions at TPG

In related news, Director Deborah M. Messemer sold 1,796 shares of the 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 transaction, the director directly owned 16,807 shares of the company's stock, valued at $946,570.24. This represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 76.48% of the stock is owned by corporate insiders.

TPG Stock Performance

Shares of TPG traded up $0.51 during mid-day trading on Tuesday, hitting $60.84. 332,481 shares of the company's stock were exchanged, compared to its average volume of 1,712,853. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The firm has a market capitalization of $22.99 billion, a P/E ratio of -320.66, a P/E/G ratio of 1.28 and a beta of 1.56. The business's 50 day moving average is $56.54 and its two-hundred day moving average is $51.95. 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 posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.24. The firm had revenue of $495.12 million during the quarter, compared to analysts' expectations of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, equities analysts expect 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 will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued 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 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, August 18th. TPG's dividend payout ratio is currently -1,242.11%.

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.