15,061 Shares in TPG Inc. (NASDAQ:TPG) Bought by Jump Financial LLC

Jump Financial LLC bought a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,061 shares of the company's stock, valued at approximately $946,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TPG. Vanguard Group Inc. grew its position in shares of TPG by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company's stock valued at $519,438,000 after buying an additional 162,107 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of TPG by 10.1% during the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock valued at $161,921,000 after purchasing an additional 244,373 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock worth $96,166,000 after purchasing an additional 992,818 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of TPG by 2,515.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock worth $104,296,000 after purchasing an additional 1,596,254 shares during the last quarter. Finally, Norges Bank acquired a new position in TPG during the 4th quarter valued at approximately $100,675,000. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

NASDAQ TPG opened at $41.69 on Tuesday. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98. The business's fifty day moving average is $49.47 and its two-hundred day moving average is $60.12. The stock has a market capitalization of $15.40 billion, a P/E ratio of -94.75, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. On average, research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.53 per share. This is an increase from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Friday, February 21st. TPG's dividend payout ratio is currently -481.82%.

Analyst Ratings Changes

A number of research firms have issued reports on TPG. Bank of America cut their target price on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Citigroup decreased their target price on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price target on TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, TD Cowen decreased their price objective on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, TPG presently has a consensus rating of "Hold" and an average price target of $58.25.

Insider Activity at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 76.48% of the stock is currently owned by company insiders.

About TPG

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.

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