TPG Inc. (NASDAQ:TPG) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP boosted its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 33.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 141,797 shares of the company's stock after purchasing an additional 35,662 shares during the period. Two Sigma Investments LP's holdings in TPG were worth $8,911,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TPG. Comerica Bank raised its stake in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after purchasing an additional 450 shares during the last quarter. R Squared Ltd purchased a new position in TPG during the 4th quarter worth $97,000. Stifel Financial Corp acquired a new stake in shares of TPG in the 4th quarter worth $206,000. Baker Avenue Asset Management LP purchased a new stake in shares of TPG in the fourth quarter valued at about $220,000. Finally, Focus Partners Wealth acquired a new position in shares of TPG during the fourth quarter worth about $228,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Price Performance

Shares of TPG traded up $1.15 during trading hours on Tuesday, reaching $48.14. 3,277,708 shares of the company traded hands, compared to its average volume of 1,246,077. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $17.79 billion, a PE ratio of -109.41, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The stock has a fifty day simple moving average of $46.92 and a 200 day simple moving average of $57.20.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The firm had revenue of $476.26 million during the quarter, compared to analysts' expectations of $459.75 million. TPG had a net margin of 0.67% and a return on equity of 24.66%. TPG's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. As a group, research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $0.41 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.64 annualized dividend and a yield of 3.41%. TPG's payout ratio is currently -496.97%.

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 shares were sold at an average price of $46.57, for a total value of $977,970,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. This represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 69.98% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TPG. The Goldman Sachs Group reduced their price target on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Citigroup lowered their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley reiterated an "equal weight" rating and issued a $47.00 price objective (down previously from $80.00) on shares of TPG in a research note on Monday, April 14th. Bank of America reduced their price target on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Finally, Wells Fargo & Company upped their price target on TPG from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $60.25.

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.