TPG Inc. $TPG Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its stake in TPG Inc. by 18.5% during the first quarter, holding 2,669,590 shares valued at approximately $126.6 million.
• TPG has declared a quarterly dividend of $0.59 per share, which is a boost from the previous dividend of $0.41, representing an annual yield of 3.9%.
• Analysts have set new price targets for TPG, with a consensus rating of "Moderate Buy" and an average price target of $62.57, reflecting mixed investor sentiment post-earnings report.

Price T Rowe Associates Inc. MD boosted its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,669,590 shares of the company's stock after buying an additional 416,520 shares during the period. Price T Rowe Associates Inc. MD owned 0.72% of TPG worth $126,619,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP increased its stake in TPG by 132.3% during the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after buying an additional 369 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in TPG during the 4th quarter worth approximately $67,000. Comerica Bank increased its stake in TPG by 71.4% during the 4th 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. Versant Capital Management Inc increased its stake in 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 buying an additional 1,349 shares in the last quarter. Finally, Signaturefd LLC increased its stake in TPG by 27.0% during the 1st 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.

TPG Trading Down 0.1%

TPG stock traded down $0.07 during midday trading on Wednesday, hitting $61.39. 1,061,179 shares of the company's stock were exchanged, compared to its average volume of 2,053,815. The business has a 50-day simple moving average of $57.02 and a two-hundred day simple moving average of $52.08. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $23.20 billion, a PE ratio of -323.11, a P/E/G ratio of 1.29 and a beta of 1.56. TPG Inc. has a 1-year low of $37.52 and a 1-year 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 (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.24. The company had revenue of $495.12 million during the quarter, compared to analysts' expectations of $470.57 million. TPG had a return on equity of 25.79% and a net margin of 1.60%.The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal 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. This represents a $2.36 dividend on an annualized basis and a yield of 3.8%. This is a positive change from TPG's previous quarterly dividend of $0.41. The ex-dividend date is Monday, August 18th. TPG's payout ratio is currently -1,242.11%.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total transaction of $101,150.72. Following the transaction, the director directly owned 16,807 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 69.98% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TPG shares. Wells Fargo & Company upped their price target on TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. BNP Paribas upgraded TPG to a "strong-buy" rating in a research report on Wednesday, July 30th. BNP Paribas Exane upgraded TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price target for the company in a research report on Wednesday, July 30th. Wolfe Research started coverage on TPG in a research report on Friday, June 20th. They issued an "outperform" rating and a $60.00 price target for the company. 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 research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.57.

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.