TPG Inc. (NASDAQ:TPG) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of TPG Inc. (NASDAQ:TPG) by 15.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 69,802 shares of the company’s stock after buying an additional 9,565 shares during the period. Cerity Partners LLC’s holdings in TPG were worth $3,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its stake in shares of TPG by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock valued at $2,322,000 after buying an additional 230 shares during the period. Allworth Financial LP increased its stake in shares of TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $30,000 after buying an additional 369 shares during the period. Comerica Bank raised its holdings in TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after acquiring an additional 450 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in TPG by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock worth $504,000 after acquiring an additional 498 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in TPG by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 8,010 shares of the company’s stock worth $380,000 after acquiring an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Insiders Place Their Bets

In other TPG news, major shareholder Samantha Holloway sold 21,000,000 shares of TPG stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total value of $977,970,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total transaction of $101,150.72. Following the sale, the director owned 16,807 shares of the company’s stock, valued at $946,570.24. This trade represents a 9.65% decrease in their position. The disclosure for this sale can be found here. 69.98% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TPG shares. Wells Fargo & Company raised their price objective on shares of TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Wolfe Research assumed coverage on TPG in a report on Friday, June 20th. They issued an “outperform” rating and a $60.00 target price on the stock. UBS Group decreased their price target on TPG from $72.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Citigroup upped their price objective on TPG from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Finally, Bank of America dropped their price objective on 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 seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.77.

TPG Stock Down 1.1%

TPG stock opened at $56.09 on Friday. The company has a market capitalization of $20.89 billion, a P/E ratio of -169.97, a PEG ratio of 1.21 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.18 and a current ratio of 0.18. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The stock has a 50-day simple moving average of $51.38 and a 200-day simple moving average of $53.22.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The firm had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $459.75 million. TPG had a net margin of 0.90% and a return on equity of 24.47%. TPG’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. Equities research analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.64 annualized dividend and a yield of 2.92%. TPG’s dividend payout ratio (DPR) is -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.