Y Intercept Hong Kong Ltd Purchases 22,952 Shares of TPG Inc. (NASDAQ:TPG)

Y Intercept Hong Kong Ltd grew its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 316.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,214 shares of the company's stock after buying an additional 22,952 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in TPG were worth $1,433,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in TPG by 132.3% in the 1st quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $30,000 after acquiring an additional 369 shares during the last quarter. Versant Capital Management Inc raised its position in shares of TPG by 12,263.6% in the 1st quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after acquiring an additional 1,349 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of TPG in the 4th quarter worth about $67,000. Comerica Bank grew its stake in shares of TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after buying an additional 450 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in TPG by 27.0% in the 1st quarter. Signaturefd LLC now owns 1,443 shares of the company's stock worth $68,000 after purchasing an additional 307 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Stock Up 2.3%

TPG stock traded up $1.30 during midday trading on Thursday, hitting $57.57. The stock had a trading volume of 2,765,046 shares, compared to its average volume of 1,770,095. The business has a fifty day moving average price of $51.54 and a 200 day moving average price of $53.04. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. The stock has a market cap of $21.44 billion, a P/E ratio of -174.45, a P/E/G ratio of 1.43 and a beta of 1.55. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.42.

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

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Monday, May 19th. TPG's payout ratio is currently -496.97%.

Wall Street Analysts Forecast Growth

TPG has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 target price (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. UBS Group lowered their target price on shares of TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Evercore ISI raised their target price on shares of TPG from $49.00 to $52.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Citigroup lifted their price objective on shares of TPG from $56.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, Bank of America reduced their target price on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $59.77.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 1,796 shares of TPG stock in a transaction that occurred 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 transaction, the director directly owned 16,807 shares of the company's stock, valued at $946,570.24. This trade represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 disclosure for this sale can be found here. 69.98% of the stock is owned by insiders.

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.