Tokio Marine Asset Management Co. Ltd. Invests $237,000 in TPG Inc. $TPG

Key Points

• Tokio Marine Asset Management acquired a new stake in TPG Inc., purchasing 4,990 shares valued at approximately $237,000 during the first quarter.
• TPG Inc. reported earnings per share of $0.69 for the last quarter, exceeding analysts' expectations of $0.45, along with revenue reaching $495.12 million.
• The company announced an increase in its quarterly dividend to $0.59, up from $0.41, representing a 3.7% annual yield.

Tokio Marine Asset Management Co. Ltd. bought a new position in TPG Inc. (NASDAQ:TPG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,990 shares of the company's stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in TPG by 25.8% during the first quarter. Russell Investments Group Ltd. now owns 15,186 shares of the company's stock worth $720,000 after purchasing an additional 3,110 shares in the last quarter. Nuveen LLC acquired a new position in TPG during the 1st quarter worth approximately $8,845,000. Entropy Technologies LP purchased a new position in shares of TPG during the 1st quarter worth approximately $603,000. Frank Rimerman Advisors LLC raised its stake in shares of TPG by 38.7% during the 1st quarter. Frank Rimerman Advisors LLC now owns 13,757 shares of the company's stock worth $652,000 after buying an additional 3,835 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of TPG in the 1st quarter valued at approximately $390,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TPG shares. Evercore ISI upped their price objective on TPG from $52.00 to $60.00 and gave the stock an "in-line" rating in a report on Friday, August 8th. UBS Group decreased their target price on shares of TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. 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 target for the company. Wells Fargo & Company raised 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. Finally, The Goldman Sachs Group upped their target price on shares of TPG from $61.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. One investment 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 company's stock. According to data from MarketBeat, TPG presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.57.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction 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 transaction, the director directly owned 16,807 shares of the company's stock, valued at $946,570.24. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 69.98% of the stock is currently owned by company insiders.

TPG Price Performance

TPG traded up $0.16 during midday trading on Thursday, reaching $59.77. 507,566 shares of the company's stock were exchanged, compared to its average volume of 1,713,222. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The stock has a market capitalization of $22.59 billion, a PE ratio of -314.58, a P/E/G ratio of 1.27 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.40 and a quick ratio of 0.40. The business's 50-day moving average price is $55.95 and its 200 day moving average price is $52.19.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.45 by $0.24. TPG had a net margin of 1.60% and a return on equity of 25.79%. The business had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. During the same period in the prior year, the business earned $0.49 earnings per share. The company's quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

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

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.