TPG Inc. $TPG Shares Sold by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC reduced its stake in TPG Inc. by 38.9%, selling 7,000 shares and retaining a total of 11,000 shares valued at approximately $577,000 as of their latest SEC filing.
• TPG recently declared a quarterly dividend increase from $0.41 to $0.59, representing a yield of 4.1% on an annualized basis.
• Analyst ratings for TPG have improved, with multiple firms raising their price targets; Goldman Sachs and BNP Paribas both set a new target of $69.00, indicating a positive outlook for the stock.

SteelPeak Wealth LLC trimmed its position in TPG Inc. (NASDAQ:TPG - Free Report) by 38.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,000 shares of the company's stock after selling 7,000 shares during the period. SteelPeak Wealth LLC's holdings in TPG were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TPG. Allworth Financial LP boosted its stake in TPG by 132.3% in the first quarter. Allworth Financial LP now owns 648 shares of the company's stock valued at $30,000 after acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC boosted its stake in TPG by 55.7% in the second quarter. GAMMA Investing LLC now owns 945 shares of the company's stock valued at $50,000 after acquiring an additional 338 shares in the last quarter. Signaturefd LLC boosted its stake in TPG by 27.0% in the first quarter. Signaturefd LLC now owns 1,443 shares of the company's stock valued at $68,000 after acquiring an additional 307 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of TPG by 43.8% in the second quarter. Parallel Advisors LLC now owns 1,380 shares of the company's stock worth $72,000 after buying an additional 420 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of TPG by 43.1% in the first quarter. Comerica Bank now owns 1,545 shares of the company's stock worth $73,000 after buying an additional 465 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of TPG stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value of $101,150.72. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 69.98% of the company's stock.

TPG Trading Up 1.3%

Shares of TPG stock opened at $57.85 on Thursday. 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 firm has a fifty day moving average price of $60.27 and a 200 day moving average price of $53.36. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98. The stock has a market cap of $21.86 billion, a PE ratio of -304.47, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53.

TPG (NASDAQ:TPG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $495.12 million during the quarter, compared to analysts' expectations of $470.57 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm's revenue was up 8.9% compared to the same quarter last year. Equities research analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from TPG's previous quarterly dividend of $0.41. This represents a $2.36 dividend on an annualized basis and a yield of 4.1%. TPG's dividend payout ratio is presently -1,242.11%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TPG shares. The Goldman Sachs Group raised their price target on shares of TPG from $61.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. BNP Paribas Exane raised shares of TPG from a "neutral" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised shares of TPG from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $65.00 to $78.00 in a report on Monday. Zacks Research raised shares of TPG from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. Finally, Bank of America raised their price target on shares of TPG from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.14.

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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