Two Sigma Investments LP Buys 35,662 Shares of TPG Inc. (NASDAQ:TPG)

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

A number of other institutional investors have also added to or reduced their stakes in the stock. Scientech Research LLC purchased a new stake in TPG in the 4th quarter worth approximately $1,257,000. Point72 Asset Management L.P. bought a new position in shares of TPG in the fourth quarter worth $15,818,000. Prana Capital Management LP purchased a new stake in shares of TPG in the fourth quarter worth $1,295,000. Nicholas Investment Partners LP boosted its stake in TPG by 2.6% during the fourth quarter. Nicholas Investment Partners LP now owns 66,689 shares of the company's stock valued at $4,191,000 after buying an additional 1,703 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in TPG by 6.5% during the fourth quarter. Nuveen Asset Management LLC now owns 200,149 shares of the company's stock valued at $12,577,000 after buying an additional 12,163 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.

TPG Trading Down 1.4%

Shares of TPG stock traded down $0.66 on Friday, hitting $47.84. 292,965 shares of the company's stock traded hands, compared to its average volume of 1,248,073. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of -109.06, a P/E/G ratio of 0.80 and a beta of 1.58. The company's fifty day simple moving average is $46.80 and its 200 day simple moving average is $56.99. TPG Inc. has a one year low of $37.52 and a one year high of $72.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business had revenue of $476.26 million for 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%. The business's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. Equities analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.64 annualized dividend and a yield of 3.43%. TPG's payout ratio is -496.97%.

Analysts Set New Price Targets

TPG has been the topic of several recent analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a report on Thursday, February 13th. UBS Group decreased their price objective 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. Wells Fargo & Company lifted their target price on shares of TPG from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. The Goldman Sachs Group cut their price target on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Citigroup lowered their price objective on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, TPG has an average rating of "Hold" and an average price target of $60.25.

Insiders Place Their Bets

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total value of $977,970,000.00. The disclosure for this sale can be found here. Insiders own 69.98% of the company's stock.

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.