Sei Investments Co. Has $3.86 Million Holdings in TPG Inc. $TPG

Sei Investments Co. raised its holdings in TPG Inc. (NASDAQ:TPG) by 541.8% during the first quarter, HoldingsChannel.com reports. 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 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TPG. Osaic Holdings Inc. lifted its holdings in shares of TPG by 12.1% in the second quarter. Osaic Holdings Inc. now owns 2,173 shares of the company’s stock worth $114,000 after acquiring an additional 234 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of TPG by 3.1% during the 2nd quarter. Lazard Asset Management LLC now owns 7,828 shares of the company’s stock valued at $410,000 after purchasing an additional 238 shares during the last quarter. Strategic Wealth Partners Ltd. increased its position in TPG by 2.5% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 10,253 shares of the company’s stock worth $589,000 after purchasing an additional 253 shares in the last quarter. CWM LLC lifted its stake in TPG by 22.2% in the 4th quarter. CWM LLC now owns 1,500 shares of the company’s stock valued at $96,000 after purchasing an additional 273 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in TPG by 38.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 992 shares of the company’s stock valued at $57,000 after purchasing an additional 273 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analysts Set New Price Targets

TPG has been the topic of a number of research analyst reports. Citizens Jmp cut their target price on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Royal Bank Of Canada upped their price target on shares of TPG from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday. BMO Capital Markets dropped their price target on TPG from $52.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $62.00 price objective on shares of TPG in a report on Wednesday. Finally, Evercore set a $50.00 price objective on TPG in a research report on Wednesday. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.33.

TPG Price Performance

Shares of TPG opened at $48.51 on Friday. 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 0.31 and a quick ratio of 0.33. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 73.50, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. The business has a 50-day moving average of $42.61 and a 200-day moving average of $44.53.

TPG (NASDAQ:TPG) last announced 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. The business had revenue of $628.19 million for the quarter, compared to analysts’ expectations of $596.79 million. TPG had a return on equity of 28.10% and a net margin of 4.67%.The firm’s revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, equities research analysts anticipate that TPG Inc. will post 2.83 earnings per share for the current year.

TPG Dividend Announcement

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

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.