SG Americas Securities LLC Has $362,000 Stake in TPG Inc. (NASDAQ:TPG)

SG Americas Securities LLC increased its holdings in TPG Inc. (NASDAQ:TPG) by 58.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,731 shares of the company’s stock after buying an additional 3,226 shares during the period. SG Americas Securities LLC’s holdings in TPG were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TPG. Simplicity Wealth LLC bought a new position in TPG in the first quarter valued at approximately $1,713,000. Swiss National Bank increased its stake in TPG by 45.2% in the first quarter. Swiss National Bank now owns 155,100 shares of the company’s stock valued at $6,933,000 after acquiring an additional 48,300 shares during the last quarter. Point72 Europe London LLP bought a new position in TPG in the fourth quarter valued at approximately $4,009,000. Capital International Investors increased its stake in TPG by 9.6% in the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after acquiring an additional 336,665 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in TPG in the first quarter valued at approximately $5,016,000. 86.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TPG shares. TD Cowen decreased their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Jefferies Financial Group decreased their target price on shares of TPG from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Finally, Morgan Stanley raised shares of TPG from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $43.00 to $52.00 in a research note on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.42.

TPG Stock Performance

NASDAQ TPG opened at $49.49 on Thursday. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of -353.47, a PEG ratio of 0.85 and a beta of 1.53. TPG Inc. has a twelve month low of $26.26 and a twelve month high of $51.62. The stock has a fifty day simple moving average of $44.66 and a 200 day simple moving average of $43.99. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37.

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

TPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a yield of 3.39%. This is a boost from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio is -1,199.91%.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the company’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 sale, the director now owns 17,536 shares of the company’s stock, valued at $816,300.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 76.48% 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.