Freedom Investment Management Inc. Has $330,000 Stock Holdings in TPG Inc. $TPG

Freedom Investment Management Inc. boosted its stake in shares of TPG Inc. (NASDAQ:TPG) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,959 shares of the company’s stock after purchasing an additional 782 shares during the period. Freedom Investment Management Inc.’s holdings in TPG were worth $330,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in TPG by 69.1% during the first quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company’s stock valued at $507,177,000 after purchasing an additional 4,369,618 shares during the last quarter. Vanguard Group Inc. boosted its position in TPG by 12.5% during the first quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company’s stock valued at $441,254,000 after purchasing an additional 1,037,225 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in TPG by 18.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,669,590 shares of the company’s stock valued at $126,619,000 after purchasing an additional 416,520 shares during the last quarter. Millennium Management LLC boosted its position in TPG by 66.8% during the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock valued at $141,001,000 after purchasing an additional 898,943 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in TPG by 28.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,201,727 shares of the company’s stock valued at $104,428,000 after purchasing an additional 481,418 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TPG shares. UBS Group dropped their price objective on TPG from $72.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Citigroup upped their price objective on TPG from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. The Goldman Sachs Group upped their price objective on TPG from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. BNP Paribas upgraded TPG to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company upped their price objective on TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.57.

TPG Price Performance

Shares of NASDAQ TPG opened at $61.39 on Thursday. The firm has a market cap of $23.20 billion, a P/E ratio of -323.11, a price-to-earnings-growth ratio of 1.29 and a beta of 1.56. 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 Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The business’s 50 day moving average is $57.02 and its 200-day moving average is $52.08.

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

TPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from TPG’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, August 18th. TPG’s dividend payout ratio is -1,242.11%.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total transaction of $101,150.72. Following the transaction, the director owned 16,807 shares in the company, valued at approximately $946,570.24. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 69.98% of the company’s stock.

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.