SG Americas Securities LLC Has $692,000 Stake in TPG Inc. $TPG

SG Americas Securities LLC raised its stake in shares of TPG Inc. (NASDAQ:TPG) by 280.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,081 shares of the company’s stock after acquiring an additional 12,596 shares during the quarter. SG Americas Securities LLC’s holdings in TPG were worth $692,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its position in TPG by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock valued at $114,000 after purchasing an additional 234 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of TPG by 3.1% during the second quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock worth $410,000 after purchasing an additional 238 shares during the last quarter. Strategic Wealth Partners Ltd. increased its stake in shares of TPG by 2.5% in the third quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock valued at $589,000 after buying an additional 253 shares in the last quarter. CWM LLC increased its stake in shares of TPG by 22.2% in the fourth quarter. CWM LLC now owns 1,500 shares of the company’s stock valued at $96,000 after buying an additional 273 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TPG by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock valued at $57,000 after buying an additional 273 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

TPG Trading Up 0.1%

Shares of TPG stock traded up $0.06 during trading on Tuesday, hitting $42.65. 36,460 shares of the company were exchanged, compared to its average volume of 3,145,026. The firm’s fifty day moving average price is $42.11 and its 200 day moving average price is $48.09. The firm has a market capitalization of $16.39 billion, a P/E ratio of 193.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45. TPG Inc. has a 1-year low of $36.95 and a 1-year high of $70.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33.

TPG (NASDAQ:TPG) last posted its earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The firm had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that TPG Inc. will post 2.86 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, May 11th. TPG’s dividend payout ratio (DPR) is 1,072.73%.

Wall Street Analysts Forecast Growth

TPG has been the subject of several research reports. Weiss Ratings cut shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. BMO Capital Markets lowered their price target on shares of TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. TD Cowen reduced their price objective on TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Evercore set a $47.00 price objective on TPG in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price target on TPG in a research note on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

TPG 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.