Grafton Street Partners Fund LP Purchases Shares of 265,892 TPG Inc. (NASDAQ:TPG)

Grafton Street Partners Fund LP purchased a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 265,892 shares of the company's stock, valued at approximately $11,479,000. TPG makes up 11.6% of Grafton Street Partners Fund LP's holdings, making the stock its 3rd biggest holding. Grafton Street Partners Fund LP owned about 0.09% of TPG as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of TPG in the 3rd quarter worth approximately $30,000. Signaturefd LLC boosted its holdings in shares of TPG by 327.6% in the 4th quarter. Signaturefd LLC now owns 945 shares of the company's stock worth $41,000 after purchasing an additional 724 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of TPG in the 4th quarter worth approximately $51,000. SG Americas Securities LLC purchased a new position in shares of TPG in the 4th quarter worth approximately $164,000. Finally, Truist Financial Corp purchased a new position in shares of TPG in the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 86.79% of the company's stock.

Insiders Place Their Bets

In other TPG news, CAO Martin Davidson sold 39,317 shares of TPG stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the sale, the chief accounting officer now directly owns 30,991 shares in the company, valued at approximately $1,290,465.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TPG news, CAO Martin Davidson sold 39,317 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $1,637,159.88. Following the transaction, the chief accounting officer now owns 30,991 shares of the company's stock, valued at $1,290,465.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James G. Coulter sold 16,949 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $705,756.36. Following the transaction, the chairman now owns 386,936 shares of the company's stock, valued at approximately $16,112,015.04. The disclosure for this sale can be found here. Insiders have sold 2,434,129 shares of company stock worth $101,357,132 in the last quarter. 76.48% of the stock is owned by corporate insiders.

TPG Trading Down 1.3 %

NASDAQ:TPG traded down $0.57 during mid-day trading on Friday, reaching $42.89. The company's stock had a trading volume of 414,305 shares, compared to its average volume of 771,940. The company's fifty day simple moving average is $44.09 and its two-hundred day simple moving average is $40.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. TPG Inc. has a twelve month low of $24.95 and a twelve month high of $47.20. The stock has a market cap of $15.64 billion, a P/E ratio of -310.41, a P/E/G ratio of 0.75 and a beta of 1.60.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.06. TPG had a return on equity of 21.16% and a net margin of 2.74%. The firm had revenue of $512.30 million for the quarter, compared to analyst estimates of $452.87 million. During the same period last year, the company earned $0.24 EPS. The firm's quarterly revenue was up 64.5% on a year-over-year basis. On average, equities analysts predict that TPG Inc. will post 2.02 EPS for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, May 17th. TPG's dividend payout ratio (DPR) is presently -1,257.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TheStreet lowered TPG from a "c" rating to a "d" rating in a research note on Monday, March 18th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TPG in a research report on Monday, April 1st. BMO Capital Markets reaffirmed a "market perform" rating and set a $42.00 target price (up from $36.00) on shares of TPG in a research report on Wednesday, February 14th. Citigroup raised their price objective on TPG from $46.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Finally, Wells Fargo & Company boosted their target price on shares of TPG from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 14th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $41.73.

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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