TPG Inc. (NASDAQ:TPG) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,845,646 shares of the company's stock after purchasing an additional 137,110 shares during the quarter. TPG makes up approximately 1.4% of TimesSquare Capital Management LLC's portfolio, making the stock its 15th biggest holding. TimesSquare Capital Management LLC owned 0.50% of TPG worth $87,539,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in TPG by 27.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,250 shares of the company's stock worth $1,396,000 after acquiring an additional 6,267 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in TPG by 2,515.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock worth $104,296,000 after purchasing an additional 1,596,254 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in TPG by 62.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,590 shares of the company's stock worth $360,000 after purchasing an additional 2,913 shares during the last quarter. Raymond James Financial Inc. bought a new stake in TPG in the fourth quarter worth $615,000. Finally, Lighthouse Investment Partners LLC bought a new stake in TPG in the fourth quarter worth $11,852,000. Institutional investors own 94.03% of the company's stock.

Insider Activity at TPG

In related news, major shareholder Samantha Holloway sold 21,000,000 shares of TPG stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 69.98% of the company's stock.

TPG Price Performance

Shares of TPG stock traded down $0.65 on Tuesday, hitting $55.11. 348,883 shares of the stock traded hands, compared to its average volume of 1,354,751. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of -166.58, a PEG ratio of 1.19 and a beta of 1.55. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98. The firm has a 50 day simple moving average of $50.55 and a two-hundred day simple moving average of $53.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.18 and a quick ratio of 0.18.

TPG (NASDAQ:TPG - Get Free Report) last posted its 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 0.90% and a return on equity of 24.47%. The company had revenue of $476.26 million for the quarter, compared to analysts' expectations of $459.75 million. During the same period in the previous year, the business posted $0.49 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts predict that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.98%. TPG's dividend payout ratio is presently -496.97%.

Analysts Set New Price Targets

Several brokerages have recently commented on TPG. Evercore ISI upped their price objective on shares of TPG from $49.00 to $52.00 and gave the company an "in-line" rating in a research note on Thursday, July 10th. Bank of America cut their price objective on shares of TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Morgan Stanley restated an "equal weight" rating and issued a $47.00 price objective (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. Wolfe Research initiated coverage on shares of TPG in a report on Friday, June 20th. They issued an "outperform" rating and a $60.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on shares of TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, TPG presently has a consensus rating of "Moderate Buy" and an average target price of $59.77.

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.