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

SG Americas Securities LLC grew its holdings in TPG Inc. (NASDAQ:TPG) by 280.8% during the first quarter, Holdings Channel.com reports. 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 SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its position in shares of TPG by 114.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,517 shares of the company’s stock worth $544,000 after purchasing an additional 4,545 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of TPG by 25,112.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,017 shares of the company’s stock valued at $129,000 after buying an additional 2,009 shares in the last quarter. Rare Wolf Capital LLC bought a new position in shares of TPG in the fourth quarter valued at $509,000. Mackenzie Financial Corp increased its stake in shares of TPG by 8.4% during the 4th quarter. Mackenzie Financial Corp now owns 9,539 shares of the company’s stock worth $612,000 after purchasing an additional 741 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in TPG in the fourth quarter valued at approximately $297,000. Institutional investors own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen raised shares of TPG from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings cut shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Barclays boosted their price objective on TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. UBS Group upped their price target on TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of TPG in a report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

TPG Trading Up 0.1%

Shares of TPG traded up $0.06 during trading hours on Tuesday, hitting $42.65. The company had a trading volume of 36,460 shares, compared to its average volume of 3,145,026. The firm has a market cap of $16.39 billion, a P/E ratio of 193.75, a P/E/G ratio of 0.75 and a beta of 1.45. The stock’s 50 day moving average price is $42.11 and its 200 day moving average price is $48.09. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38.

TPG (NASDAQ:TPG) last issued its earnings results on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The company had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $608.07 million. During the same period in the prior year, the business posted $0.48 EPS. TPG’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts predict that TPG Inc. will post 2.86 EPS for the current year.

TPG Cuts Dividend

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

TPG Company 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.