95,814 Shares in TPG Inc. (NASDAQ:TPG) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new position in TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 95,814 shares of the company's stock, valued at approximately $6,021,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shoker Investment Counsel Inc. increased its position in TPG by 10.4% during the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after buying an additional 366 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of TPG by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company's stock worth $504,000 after purchasing an additional 498 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in TPG during the 4th quarter valued at about $33,000. O Shaughnessy Asset Management LLC raised its holdings in TPG by 14.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,208 shares of the company's stock worth $390,000 after buying an additional 768 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of TPG by 21.6% during the fourth quarter. Ritholtz Wealth Management now owns 4,695 shares of the company's stock valued at $295,000 after buying an additional 833 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

TPG Stock Down 7.6 %

TPG stock traded down $3.51 during mid-day trading on Thursday, reaching $42.36. 566,266 shares of the company were exchanged, compared to its average volume of 1,081,025. The firm has a market cap of $15.65 billion, a P/E ratio of -96.41, a PEG 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 Inc. has a 12-month low of $37.52 and a 12-month high of $72.98. The business has a fifty day moving average of $52.55 and a 200 day moving average of $60.93.

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

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.53 dividend. The ex-dividend date was Friday, February 21st. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a yield of 5.00%. TPG's dividend payout ratio (DPR) is -481.82%.

Analyst Ratings Changes

Several analysts have commented on TPG shares. 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. TD Cowen decreased their target price on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday. Evercore ISI raised their price target on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price objective on shares of TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group dropped their target price on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, TPG has an average rating of "Moderate Buy" and an average target price of $59.62.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the transaction, the general counsel now directly owns 290,841 shares in the company, valued at $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 available at this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now owns 15,841 shares of the company's stock, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 76.48% of the company's stock.

TPG Company 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.