TPG Inc. (NASDAQ:TPG) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in shares of TPG Inc. (NASDAQ:TPG) by 117.2% during the second quarter, Holdings Channel reports. The fund owned 78,869 shares of the company’s stock after purchasing an additional 42,554 shares during the quarter. Quantbot Technologies LP’s holdings in TPG were worth $3,269,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its stake in shares of TPG by 3.3% during the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock valued at $296,000 after acquiring an additional 230 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of TPG by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock valued at $1,229,000 after acquiring an additional 280 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in TPG by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after buying an additional 500 shares during the period. International Assets Investment Management LLC purchased a new position in TPG during the second quarter worth about $25,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in TPG by 5.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock worth $556,000 after buying an additional 680 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.

Insider Activity

In other news, Director Deborah M. Messemer sold 4,089 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the sale, the director now owns 17,536 shares in the company, valued at $816,300.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 76.48% of the company’s stock.

TPG Stock Performance

TPG stock opened at $57.18 on Tuesday. 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 12 month low of $26.62 and a 12 month high of $57.93. The company has a market cap of $20.85 billion, a price-to-earnings ratio of -408.43, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. The stock’s 50-day moving average is $47.98 and its 200-day moving average is $44.88.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The business had revenue of $744.19 million during the quarter, compared to analyst estimates of $449.34 million. During the same quarter last year, the firm earned $0.26 earnings per share. Equities analysts anticipate that TPG Inc. will post 2.01 earnings per share for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is -1,200.00%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TPG. Wells Fargo & Company began coverage on TPG in a research report on Thursday, September 12th. They set an “overweight” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. increased their target price on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen reduced their target price on TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Finally, The Goldman Sachs Group increased their target price on TPG from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, TPG presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

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.