TPG Inc. (NASDAQ:TPG) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 15.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 69,802 shares of the company's stock after purchasing an additional 9,565 shares during the period. Cerity Partners LLC's holdings in TPG were worth $3,311,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of TPG by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company's stock valued at $519,438,000 after buying an additional 162,107 shares in the last quarter. Capital World Investors raised its position in shares of TPG by 484.6% in the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company's stock valued at $192,625,000 after buying an additional 2,541,013 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of TPG by 43.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company's stock valued at $141,584,000 after buying an additional 683,572 shares in the last quarter. Millennium Management LLC raised its position in shares of TPG by 66.8% in the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company's stock valued at $141,001,000 after buying an additional 898,943 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of TPG by 10.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,720,309 shares of the company's stock valued at $108,105,000 after buying an additional 169,105 shares in the last quarter. Institutional investors own 94.03% of the company's stock.

TPG Price Performance

Shares of NASDAQ:TPG traded down $0.60 on Friday, reaching $56.09. The company's stock had a trading volume of 1,964,999 shares, compared to its average volume of 1,373,965. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98. The company has a market cap of $20.89 billion, a P/E ratio of -169.97, a PEG ratio of 1.20 and a beta of 1.55. The company has a 50-day simple moving average of $51.38 and a 200 day simple moving average of $53.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.18 and a current ratio of 0.18.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The business had revenue of $476.26 million during the quarter, compared to analysts' expectations of $459.75 million. TPG had a return on equity of 24.47% and a net margin of 0.90%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, equities research analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued 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 yield of 2.92%. TPG's payout ratio is -496.97%.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the business's stock in a transaction that occurred on 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 owned 16,807 shares of the company's stock, valued at approximately $946,570.24. The trade was a 9.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Samantha Holloway sold 21,000,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The disclosure for this sale can be found here. Company insiders own 69.98% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TPG. Citigroup boosted their price objective 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. Wells Fargo & Company boosted their price objective 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. Bank of America cut their price target on shares of TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. UBS Group dropped their price objective on shares of TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, The Goldman Sachs Group reduced their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.77.

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.