Sei Investments Co. Purchases 80,469 Shares of TPG Inc. $TPG

Sei Investments Co. boosted its position in TPG Inc. (NASDAQ:TPG) by 541.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 95,322 shares of the company’s stock after purchasing an additional 80,469 shares during the period. Sei Investments Co.’s holdings in TPG were worth $3,861,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPG. International Assets Investment Management LLC bought a new stake in TPG in the fourth quarter valued at approximately $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 acquiring an additional 524 shares during the period. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 649 shares during the period. PNC Financial Services Group Inc. increased 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 worth $45,000 after acquiring an additional 566 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of TPG during the 4th quarter worth approximately $70,000. Institutional investors own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TPG. BMO Capital Markets cut their price target on TPG from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Barclays upped their price objective on shares of TPG from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of TPG from $53.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup restated an “outperform” rating on shares of TPG in a research note on Thursday, July 9th. Finally, UBS Group lifted their target price on shares of TPG from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TPG currently has a consensus rating of “Moderate Buy” and an average target price of $63.33.

TPG Trading Up 1.3%

TPG opened at $48.51 on Friday. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 73.50, a P/E/G ratio of 0.89 and a beta of 1.44. The company has a quick ratio of 0.33, 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. The company has a 50-day simple moving average of $42.61 and a 200 day simple moving average of $44.53.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 4th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. TPG had a net margin of 4.67% and a return on equity of 28.10%. The company had revenue of $628.19 million during the quarter, compared to analysts’ expectations of $596.79 million. During the same period in the previous year, the company earned $0.69 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. Analysts predict that TPG Inc. will post 2.83 EPS for the current fiscal year.

TPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, August 14th. TPG’s payout ratio is currently 357.58%.

TPG Company Profile

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.