GAMMA Investing LLC Purchases 28,286 Shares of TPG Inc. (NASDAQ:TPG)

GAMMA Investing LLC boosted its position in TPG Inc. (NASDAQ:TPG - Free Report) by 5,612.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 28,790 shares of the company's stock after purchasing an additional 28,286 shares during the period. GAMMA Investing LLC's holdings in TPG were worth $1,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its holdings in shares of TPG by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company's stock valued at $2,322,000 after acquiring an additional 230 shares in the last quarter. Shoker Investment Counsel Inc. raised its stake in shares of TPG by 10.4% during the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock worth $244,000 after purchasing an additional 366 shares during the period. Comerica Bank boosted its holdings in shares of TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after buying an additional 450 shares during the last quarter. Commonwealth Equity Services LLC grew its position in TPG by 6.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company's stock valued at $504,000 after buying an additional 498 shares during the period. Finally, Mariner LLC increased its holdings in TPG by 16.3% during the fourth quarter. Mariner LLC now owns 4,151 shares of the company's stock worth $261,000 after buying an additional 582 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Ratings Changes

TPG has been the subject of a number of research reports. TD Cowen reduced their target price on shares of TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group lowered their target price on TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Wells Fargo & Company lifted their price objective on TPG from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Morgan Stanley reiterated an "equal weight" rating and set a $47.00 target price (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. Finally, Citigroup lowered their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, TPG presently has an average rating of "Hold" and a consensus target price of $60.25.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total transaction of $977,970,000.00. The disclosure for this sale can be found here. Company insiders own 69.98% of the company's stock.

TPG Price Performance

Shares of TPG stock traded up $0.33 during trading on Monday, hitting $50.15. The stock had a trading volume of 1,629,161 shares, compared to its average volume of 1,293,278. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of -113.98, a P/E/G ratio of 0.80 and a beta of 1.55. The business's 50-day moving average is $47.50 and its 200 day moving average is $55.39.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results 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). TPG had a net margin of 0.67% and a return on equity of 24.66%. The business had revenue of $476.26 million during the quarter, compared to analysts' expectations of $459.75 million. During the same period in the previous year, the business earned $0.49 EPS. The business's revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Monday, May 19th. TPG's dividend payout ratio (DPR) is currently -496.97%.

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.