TPG Inc. (NASDAQ:TPG) Stock Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in TPG Inc. (NASDAQ:TPG) by 49.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 461,900 shares of the company’s stock after buying an additional 153,100 shares during the quarter. Renaissance Technologies LLC’s holdings in TPG were worth $19,146,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TPG. Norges Bank bought a new position in shares of TPG in the 4th quarter worth about $52,189,000. Oxford Asset Management LLP bought a new stake in TPG in the 4th quarter valued at about $265,000. Treasurer of the State of North Carolina lifted its position in TPG by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock valued at $1,229,000 after purchasing an additional 280 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in TPG in the 4th quarter valued at about $3,532,000. Finally, Stamos Capital Partners L.P. bought a new stake in TPG in the 4th quarter valued at about $517,000. 86.79% of the stock is currently owned by institutional investors.

TPG Stock Performance

TPG stock opened at $58.72 on Friday. The firm’s 50 day simple moving average is $49.32 and its 200-day simple moving average is $45.25. The company has a market cap of $21.41 billion, a P/E ratio of -419.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. TPG Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $60.35.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06. The business had revenue of $744.19 million during 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 period last year, the company posted $0.26 earnings per share. As a group, equities research analysts predict that TPG Inc. will post 2.01 EPS for the current year.

TPG Increases Dividend

The business also recently declared 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 is a boost from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Friday, August 16th. TPG’s dividend payout ratio (DPR) is currently -1,200.00%.

Analyst Ratings Changes

TPG has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group lifted their price objective on shares of TPG from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, September 13th. TD Cowen lowered 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. Finally, Wells Fargo & Company initiated coverage on shares of TPG in a research note on Thursday, September 12th. They set an “overweight” rating and a $60.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.25.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,089 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 17,536 shares in the company, valued at $816,300.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 76.48% of the stock is currently owned by corporate insiders.

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.