4,437 Shares in TPG Inc. $TPG Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC made a new investment in TPG Inc., acquiring 4,437 shares valued at approximately $209,000.
• TPG recently increased its quarterly dividend to $0.59 per share, resulting in an annualized yield of 4.0%.
• Analysts have set a consensus target price of $62.57 for TPG, with ratings ranging from "Strong Buy" to "Hold."

Hsbc Holdings PLC purchased a new stake in TPG Inc. (NASDAQ:TPG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,437 shares of the company's stock, valued at approximately $209,000.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in TPG by 132.3% in the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after purchasing an additional 369 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in TPG in the 4th quarter worth approximately $67,000. Comerica Bank boosted its stake in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc boosted its stake in TPG by 12,263.6% in the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after purchasing an additional 1,349 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in TPG by 27.0% in the 1st 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. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on TPG. Wolfe Research began coverage on shares of TPG in a research note on Friday, June 20th. They issued an "outperform" rating and a $60.00 target price for the company. JPMorgan Chase & Co. lifted 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. Citigroup lifted 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. The Goldman Sachs Group lifted their price objective on shares of TPG from $61.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company lifted their price objective on shares of TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.57.

TPG Stock Performance

Shares of NASDAQ:TPG traded up $0.51 during trading on Monday, hitting $59.03. 938,430 shares of the stock traded hands, compared to its average volume of 1,791,437. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45. The company has a market cap of $22.31 billion, a price-to-earnings ratio of -310.68, a P/E/G ratio of 1.23 and a beta of 1.56. The company has a fifty day moving average price of $58.25 and a two-hundred day moving average price of $51.95. 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 posted its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.24. The firm had revenue of $495.12 million during the quarter, compared to analyst estimates of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. As a group, equities analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, August 18th. This is a boost from TPG's previous quarterly dividend of $0.41. TPG's payout ratio is presently -1,242.11%.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were 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 approximately $946,570.24. The trade was a 9.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 76.48% of the company's stock.

About TPG

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.