AlphaQuest LLC Grows Position in TPG Inc. (NASDAQ:TPG)

AlphaQuest LLC boosted its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 320.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,876 shares of the company's stock after acquiring an additional 6,004 shares during the quarter. AlphaQuest LLC's holdings in TPG were worth $495,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of TPG in the fourth quarter valued at $33,000. R Squared Ltd purchased a new position in shares of TPG in the fourth quarter valued at $97,000. Covestor Ltd increased its position in shares of TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company's stock valued at $107,000 after buying an additional 1,715 shares in the last quarter. KBC Group NV increased its position in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company's stock valued at $138,000 after buying an additional 482 shares in the last quarter. Finally, Quarry LP increased its position in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company's stock valued at $184,000 after buying an additional 1,846 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI raised their price target on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price objective on TPG from $83.00 to $78.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price objective on TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Finally, The Goldman Sachs Group increased their price objective on TPG from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $64.27.

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TPG Stock Up 2.2 %

Shares of NASDAQ:TPG opened at $49.68 on Thursday. The stock's 50-day moving average price is $60.87 and its two-hundred day moving average price is $61.86. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of -112.91, a PEG ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.27%. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio (DPR) is -481.82%.

Insider Transactions at TPG

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 value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 76.48% of the company's stock.

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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