TPG Inc. $TPG Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in TPG Inc. by 16.6%, selling 108,895 shares, and now owns approximately 0.15% of the company valued at $25.95 million.
• TPG Inc. announced a quarterly dividend increase to $0.59 per share, representing a 3.9% yield, and the dividend payout ratio is noted at -1,242.11%.
• Several analysts have raised their price targets for TPG, with a consensus target of $62.57 and ratings varying from "Strong Buy" to "Moderate Buy."

Invesco Ltd. lowered its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 16.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 547,177 shares of the company's stock after selling 108,895 shares during the quarter. Invesco Ltd. owned 0.15% of TPG worth $25,953,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TPG. Allworth Financial LP grew its stake in shares of TPG by 132.3% during the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after purchasing an additional 369 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of TPG during the 4th quarter worth $67,000. Comerica Bank grew its stake in shares of TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after purchasing an additional 450 shares during the period. Versant Capital Management Inc grew its stake in shares of TPG by 12,263.6% during 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 during the period. Finally, Signaturefd LLC grew its stake in shares of TPG by 27.0% during the 1st quarter. Signaturefd LLC now owns 1,443 shares of the company's stock worth $68,000 after purchasing an additional 307 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.

Insider Activity

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the firm'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 sale, the director directly 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 accessible through this link. 76.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TPG. The Goldman Sachs Group upped their price target on shares of TPG from $61.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Wells Fargo & Company upped their price target on shares of TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price target 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 upped their price target 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. Finally, BNP Paribas Exane raised shares of TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price objective on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $62.57.

TPG Price Performance

NASDAQ TPG traded down $0.61 during trading hours on Monday, reaching $60.33. The company's stock had a trading volume of 2,363,233 shares, compared to its average volume of 2,011,393. The stock has a market cap of $22.80 billion, a PE ratio of -317.53, a PEG ratio of 1.28 and a beta of 1.56. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The company's 50-day moving average is $56.54 and its two-hundred day moving average is $51.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.24. The firm had revenue of $495.12 million for 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 was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. Analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.36 annualized dividend and a dividend yield of 3.9%. This is an increase from TPG's previous quarterly dividend of $0.41. TPG's dividend payout ratio is -1,242.11%.

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.