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XTX Topco Ltd Has $792,000 Stock Position in TPG Inc. (NASDAQ:TPG)

TPG logo with Finance background

XTX Topco Ltd increased its stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 136.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,697 shares of the company's stock after acquiring an additional 9,644 shares during the quarter. XTX Topco Ltd's holdings in TPG were worth $792,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TPG. Allworth Financial LP increased its holdings in shares of TPG by 132.3% during the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after purchasing an additional 369 shares during the period. Versant Capital Management Inc lifted its stake in shares of TPG by 12,263.6% in the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock valued at $65,000 after buying an additional 1,349 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of TPG in the fourth quarter valued at about $67,000. Comerica Bank lifted its stake in shares of TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after buying an additional 450 shares during the period. Finally, Signaturefd LLC increased its stake in TPG by 27.0% during 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 during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Price Performance

Shares of TPG stock opened at $55.84 on Monday. The stock's fifty day simple moving average is $52.72 and its 200 day simple moving average is $52.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of -169.21, a P/E/G ratio of 1.42 and a beta of 1.56. TPG Inc. has a one year low of $37.52 and a one year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a net margin of 0.90% and a return on equity of 24.47%. The company had revenue of $476.26 million during the quarter, compared to analyst estimates of $459.75 million. During the same period in the prior year, the firm earned $0.49 EPS. TPG's quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $0.41 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.9%. TPG's payout ratio is -496.97%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup raised their price objective on TPG from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Wolfe Research began coverage on TPG in a report on Friday, June 20th. They set an "outperform" rating and a $60.00 price objective on the stock. Wells Fargo & Company lifted their price objective on TPG from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Morgan Stanley reissued an "equal weight" rating and set a $47.00 price objective (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. Finally, Evercore ISI lifted their price objective on TPG from $49.00 to $52.00 and gave the stock an "in-line" rating in a report on Thursday, July 10th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, TPG presently has a consensus rating of "Moderate Buy" and an average target price of $60.43.

Read Our Latest Stock Report on TPG

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 1,796 shares of the business'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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Samantha Holloway sold 21,000,000 shares of the business'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 disclosure for this sale can be found here. Insiders own 76.48% of the company's stock.

TPG Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG Inc. (NASDAQ:TPG - Free Report).

Institutional Ownership by Quarter for TPG (NASDAQ:TPG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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