AGF Management Ltd. Purchases New Position in TPG Inc. (NASDAQ:TPG)

AGF Management Ltd. bought a new stake in TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,985 shares of the company's stock, valued at approximately $439,000.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in TPG by 7.7% during the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after acquiring an additional 102,663 shares during the period. Gunderson Capital Management Inc. acquired a new stake in TPG during the fourth quarter worth about $1,815,000. Highland Capital Management LLC raised its stake in TPG by 21.2% during the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock worth $3,222,000 after acquiring an additional 8,967 shares during the period. Charles Schwab Investment Management Inc. raised its stake in TPG by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company's stock worth $44,379,000 after acquiring an additional 31,638 shares during the period. Finally, Cinctive Capital Management LP raised its stake in TPG by 65.9% during the third quarter. Cinctive Capital Management LP now owns 50,435 shares of the company's stock worth $2,903,000 after acquiring an additional 20,026 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

TPG Price Performance

Shares of TPG stock traded up $1.30 on Wednesday, hitting $50.50. The company had a trading volume of 1,504,646 shares, compared to its average volume of 972,109. The business has a 50-day simple moving average of $59.53 and a 200-day simple moving average of $61.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The company has a market cap of $18.66 billion, a PE ratio of -114.77, a PEG ratio of 0.80 and a beta of 1.54. TPG Inc. has a 52 week low of $39.18 and a 52 week high of $72.98.

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TPG (NASDAQ:TPG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share 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 expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.53 dividend. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.20%. TPG's dividend payout ratio is presently -481.82%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of TPG from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods upped their target price on shares of TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Evercore ISI upped their target price on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their target price on shares of TPG from $83.00 to $78.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Finally, BMO Capital Markets upped their target price on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $64.27.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 76.48% of the stock is owned by 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.