TPG Inc. (NASDAQ:TPG) Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in TPG Inc. by 24.5% in Q1, holding a total of 74,721 shares valued at approximately $3.54 million.
• TPG Inc. reported a quarterly earnings of $0.69 EPS, surpassing analysts' expectations, with revenue up 8.9% year-over-year.
• The company announced a quarterly dividend increase to $0.59 per share, representing a 3.7% yield, up from the previous dividend of $0.41.

LPL Financial LLC raised its position in TPG Inc. (NASDAQ:TPG - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,721 shares of the company's stock after acquiring an additional 14,685 shares during the quarter. LPL Financial LLC's holdings in TPG were worth $3,544,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TPG. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 valued at $1,396,000 after buying an additional 6,267 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 valued at $360,000 after buying an additional 2,913 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in TPG in the fourth quarter valued at approximately $11,852,000. Point72 Asset Management L.P. purchased a new stake in TPG in the fourth quarter valued at approximately $15,818,000. Finally, Richard Bernstein Advisors LLC purchased a new stake in shares of TPG during the first quarter worth approximately $2,915,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BNP Paribas raised TPG to a "strong-buy" rating in a report on Wednesday, July 30th. BNP Paribas Exane raised TPG from a "neutral" rating to an "outperform" rating and set a $69.00 target price on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group upped their target price on TPG from $61.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Citigroup upped their target price on TPG from $56.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on TPG from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.57.

TPG Trading Down 1.1%

TPG stock opened at $63.48 on Friday. The business has a 50 day moving average price of $55.33 and a two-hundred day moving average price of $52.32. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of -334.11, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last posted 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 return on equity of 25.79% and a net margin of 1.60%. The firm had revenue of $495.12 million during the quarter, compared to analysts' expectations of $470.57 million. During the same quarter in the prior year, the firm posted $0.49 EPS. The company's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 18th. This is a positive change from TPG's previous quarterly dividend of $0.41. TPG's dividend payout ratio is -863.16%.

Insiders Place Their Bets

In other news, major shareholder Samantha Holloway sold 21,000,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total value of $977,970,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Deborah M. Messemer sold 1,796 shares of the firm'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 sale, the director directly owned 16,807 shares in the company, valued at $946,570.24. The trade was a 9.65% decrease in their position. The disclosure for this sale can be found here. 69.98% of the stock is currently owned by company insiders.

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.

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