Nuveen LLC Invests $8.85 Million in TPG Inc. $TPG

Key Points

• Nuveen LLC has acquired a new stake in TPG Inc., purchasing 186,493 shares valued at around $8.85 million, representing about 0.05% of the company.
• TPG recently declared a quarterly dividend of $0.59 per share, increasing from its previous dividend of $0.41, leading to an annualized yield of 3.9%.
• The company's stock price has experienced positive performance, with shares up 1.4%, and TPG's earnings per share for the last quarter exceeded analyst expectations, reporting $0.69 compared to the consensus estimate of $0.45.

Nuveen LLC purchased a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 186,493 shares of the company's stock, valued at approximately $8,845,000. Nuveen LLC owned 0.05% of TPG at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TPG. Allworth Financial LP increased its stake in TPG by 132.3% during the first 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. Versant Capital Management Inc grew its position in shares of TPG by 12,263.6% during the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after buying an additional 1,349 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of TPG during the fourth quarter worth about $67,000. Comerica Bank grew its position in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after buying an additional 450 shares in the last quarter. Finally, Signaturefd LLC grew its position 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 in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the completion of the sale, the director directly owned 16,807 shares of the company's stock, valued at approximately $946,570.24. This represents a 9.65% decrease in their ownership of the stock. The transaction 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.

TPG Stock Down 0.1%

TPG traded down $0.07 on Wednesday, reaching $61.39. The company's stock had a trading volume of 1,061,179 shares, compared to its average volume of 1,713,798. The company has a market capitalization of $23.20 billion, a price-to-earnings ratio of -323.11, a P/E/G ratio of 1.26 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 stock has a 50 day moving average of $56.80 and a two-hundred day moving average of $52.01. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45.

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

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, August 18th. This is an increase from TPG's previous quarterly dividend of $0.41. This represents a $2.36 annualized dividend and a dividend yield of 3.8%. TPG's dividend payout ratio is currently -1,242.11%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wolfe Research assumed coverage on TPG in a research report on Friday, June 20th. They set an "outperform" rating and a $60.00 price objective for the company. Wells Fargo & Company upped their price target on TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 11th. BNP Paribas Exane raised TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Wednesday, July 30th. Citigroup upped their price target on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, Evercore ISI upped their price target on TPG from $52.00 to $60.00 and gave the company an "in-line" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.57.

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.