Aigen Investment Management LP Invests $688,000 in TPG Inc. (NASDAQ:TPG)

Aigen Investment Management LP purchased a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,950 shares of the company's stock, valued at approximately $688,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its position in TPG by 16.8% during the third quarter. QRG Capital Management Inc. now owns 8,024 shares of the company's stock worth $462,000 after purchasing an additional 1,157 shares during the period. Shoker Investment Counsel Inc. bought a new position in TPG during the third quarter worth about $203,000. Covestor Ltd boosted its position in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company's stock worth $107,000 after purchasing an additional 1,715 shares during the period. State of New Jersey Common Pension Fund D bought a new position in shares of TPG in the third quarter valued at approximately $2,260,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of TPG in the third quarter valued at approximately $269,000. Institutional investors own 94.03% of the company's stock.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now owns 15,841 shares of the company's stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on TPG. BMO Capital Markets raised their price objective on shares of TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a research report on Thursday, December 19th. The Goldman Sachs Group raised their price objective on shares of TPG from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods raised their price objective on shares of TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TPG from $67.00 to $69.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $64.27.

TPG Stock Performance

Shares of TPG stock traded up $0.11 on Friday, reaching $49.08. 2,018,799 shares of the stock were exchanged, compared to its average volume of 1,126,902. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of -111.55, a PEG ratio of 0.80 and a beta of 1.54. The business has a 50 day moving average price of $61.75 and a two-hundred day moving average price of $61.97. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. 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. Stockholders of record on Friday, February 21st were issued a dividend of $0.53 per share. 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 dividend yield of 4.32%. TPG's dividend payout ratio is currently -481.82%.

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.