Focus Partners Wealth Invests $228,000 in TPG Inc. (NASDAQ:TPG)

Focus Partners Wealth bought a new position in shares of TPG Inc. (NASDAQ:TPG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,636 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Comerica Bank lifted its position in TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock worth $68,000 after acquiring an additional 450 shares during the last quarter. R Squared Ltd bought a new position in shares of TPG during the fourth quarter worth approximately $97,000. Stifel Financial Corp bought a new position in shares of TPG during the fourth quarter worth approximately $206,000. Baker Avenue Asset Management LP acquired a new stake in TPG during the 4th quarter worth approximately $220,000. Finally, Ameriprise Financial Inc. bought a new stake in TPG in the 4th quarter valued at $236,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

TPG has been the topic of several recent research reports. Citigroup lowered their price objective on TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. TD Cowen decreased their price target on shares of TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price objective (down previously from $80.00) on shares of TPG in a research note on Monday, April 14th. UBS Group cut their price objective on shares of TPG from $72.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Bank of America lowered their target price on shares of TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.08.

Insider Activity

In other news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the transaction, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is currently owned by corporate insiders.

TPG Stock Down 0.6%

NASDAQ TPG opened at $46.99 on Friday. The business has a fifty day moving average price of $47.08 and a two-hundred day moving average price of $57.62. The stock has a market capitalization of $17.36 billion, a PE ratio of -106.80, a PEG ratio of 0.80 and a beta of 1.58. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business 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 24.66% and a net margin of 0.67%. TPG’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Equities analysts expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $0.41 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.49%. TPG’s dividend payout ratio (DPR) is currently -496.97%.

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.