QRG Capital Management Inc. Purchases 241 Shares of TPG Inc. $TPG

QRG Capital Management Inc. raised its position in TPG Inc. (NASDAQ:TPG) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,251 shares of the company’s stock after purchasing an additional 241 shares during the period. QRG Capital Management Inc.’s holdings in TPG were worth $433,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TPG. Allworth Financial LP increased its stake in TPG by 132.3% in the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $30,000 after purchasing an additional 369 shares in the last quarter. GAMMA Investing LLC increased its stake in TPG by 55.7% in the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock valued at $50,000 after purchasing an additional 338 shares in the last quarter. Signaturefd LLC increased its stake in TPG by 27.0% in the first quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock valued at $68,000 after purchasing an additional 307 shares in the last quarter. Parallel Advisors LLC increased its stake in TPG by 43.8% in the second quarter. Parallel Advisors LLC now owns 1,380 shares of the company’s stock valued at $72,000 after purchasing an additional 420 shares in the last quarter. Finally, Comerica Bank increased its stake in TPG by 43.1% in the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Stock Down 5.6%

TPG stock opened at $54.91 on Friday. The company has a fifty day simple moving average of $60.27 and a 200 day simple moving average of $53.42. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The company has a market cap of $20.75 billion, a P/E ratio of -289.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.53. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45.

TPG (NASDAQ:TPG) last issued its earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.24. The company had revenue of $495.12 million for the quarter, compared to analysts’ expectations of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. TPG’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. Research analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s payout ratio is currently -1,242.11%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TPG. UBS Group set a $78.00 target price on shares of TPG in a research note on Monday. BNP Paribas Exane raised shares of TPG from a “neutral” rating to an “outperform” rating and set a $69.00 price objective for the company in a research report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of TPG in a research report on Wednesday. BMO Capital Markets assumed coverage on shares of TPG in a research report on Friday, October 3rd. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Wolfe Research assumed coverage on shares of TPG in a research report on Friday, June 20th. They set an “outperform” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, TPG has a consensus rating of “Moderate Buy” and a consensus price target of $64.14.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,796 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value of $101,150.72. Following the sale, the director directly owned 16,807 shares of the company’s stock, valued at approximately $946,570.24. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 69.98% of the company’s stock.

TPG 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.