American Century Companies Inc. Boosts Stock Position in TPG Inc. (NASDAQ:TPG)

American Century Companies Inc. grew its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,407,270 shares of the company's stock after acquiring an additional 147,892 shares during the period. American Century Companies Inc. owned about 0.39% of TPG worth $88,433,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TPG. Geode Capital Management LLC raised its holdings in TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after purchasing an additional 102,663 shares during the last quarter. Gunderson Capital Management Inc. bought a new position in TPG during the fourth quarter worth $1,815,000. Highland Capital Management LLC lifted its holdings in TPG by 21.2% in the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after buying an additional 8,967 shares during the period. Charles Schwab Investment Management Inc. boosted its position in TPG by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company's stock valued at $44,379,000 after acquiring an additional 31,638 shares during the last quarter. Finally, Cinctive Capital Management LP grew its holdings in TPG by 65.9% during the 3rd 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.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 76.48% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently commented on TPG. Wells Fargo & Company cut their target price on TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Evercore ISI boosted their target price 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. Keefe, Bruyette & Woods raised their price target on shares of TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. BMO Capital Markets upped their price objective on shares of TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Finally, JMP Securities restated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, TPG currently has an average rating of "Hold" and an average target price of $63.18.

TPG Stock Down 3.7 %

TPG traded down $1.83 during mid-day trading on Friday, reaching $47.71. 770,693 shares of the stock were exchanged, compared to its average volume of 1,013,635. The company has a 50 day moving average price of $57.29 and a two-hundred day moving average price of $61.77. The stock has a market capitalization of $17.63 billion, a PE ratio of -108.43, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. 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 1 year low of $39.18 and a 1 year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, research analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.44%. This is a boost from TPG's previous quarterly dividend of $0.38. TPG's payout ratio is currently -481.82%.

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.