Quantinno Capital Management LP lifted its stake in TPG Inc. (NASDAQ:TPG – Free Report) by 133.5% during the first quarter, HoldingsChannel reports. The fund owned 49,626 shares of the company’s stock after purchasing an additional 28,371 shares during the quarter. Quantinno Capital Management LP’s holdings in TPG were worth $2,010,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in TPG in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its stake in shares of TPG by 2,496.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after purchasing an additional 649 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TPG by 268.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TPG by 252.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after buying an additional 566 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of TPG in the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 94.03% of the company’s stock.
TPG Price Performance
Shares of NASDAQ:TPG opened at $50.60 on Wednesday. The company has a market cap of $19.45 billion, a price-to-earnings ratio of 76.67, a PEG ratio of 0.82 and a beta of 1.44. The business has a 50 day moving average price of $43.02 and a 200 day moving average price of $44.22. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38.
TPG Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, August 14th. TPG’s dividend payout ratio is presently 357.58%.
Analyst Ratings Changes
TPG has been the topic of several recent research reports. Weiss Ratings lowered shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 31st. BMO Capital Markets cut their price target on shares of TPG from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Keefe, Bruyette & Woods lifted their price objective on shares of TPG from $53.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Evercore set a $50.00 target price on shares of TPG in a research report on Wednesday, August 5th. Finally, TD Cowen raised TPG from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.33.
Read Our Latest Stock Analysis on TPG
About TPG
TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.
TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.
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