Point72 Europe London LLP Buys 71,400 Shares of TPG Inc. (NASDAQ:TPG)

Point72 Europe London LLP increased its position in TPG Inc. (NASDAQ:TPG) by 43.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 235,385 shares of the company’s stock after acquiring an additional 71,400 shares during the quarter. Point72 Europe London LLP’s holdings in TPG were worth $9,757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in TPG by 3.3% during the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock worth $296,000 after buying an additional 230 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of TPG by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock worth $1,229,000 after purchasing an additional 280 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of TPG by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after purchasing an additional 500 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of TPG in the second quarter worth approximately $25,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in TPG by 5.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock valued at $556,000 after purchasing an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

TPG Trading Up 0.1 %

NASDAQ TPG opened at $58.68 on Wednesday. The firm has a market cap of $21.41 billion, a PE ratio of -419.11, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52. TPG Inc. has a 1-year low of $26.62 and a 1-year high of $60.35. The stock has a 50-day moving average of $50.09 and a 200-day moving average of $45.53. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same quarter last year, the firm earned $0.26 EPS. As a group, sell-side analysts forecast that TPG Inc. will post 2.01 EPS for the current year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Friday, August 16th. This is an increase from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio is currently -1,199.91%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of TPG from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. TD Cowen cut their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Wells Fargo & Company started coverage on TPG in a research note on Thursday, September 12th. They issued an “overweight” rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the transaction, the director now directly owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 76.48% of the stock is currently owned by insiders.

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.