187,624 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership purchased a new stake in TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 187,624 shares of the company's stock, valued at approximately $11,790,000. Arrowstreet Capital Limited Partnership owned approximately 0.05% of TPG as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC bought a new stake in TPG in the fourth quarter valued at $386,000. Pictet Asset Management Holding SA boosted its stake in TPG by 17.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 12,074 shares of the company's stock worth $759,000 after purchasing an additional 1,786 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in TPG by 228.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 15,381 shares of the company's stock worth $967,000 after buying an additional 10,692 shares during the last quarter. Norges Bank purchased a new position in TPG in the 4th quarter worth about $100,675,000. Finally, JPMorgan Chase & Co. raised its position in TPG by 2,515.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock worth $104,296,000 after buying an additional 1,596,254 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TPG shares. Keefe, Bruyette & Woods upped their price target 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. BMO Capital Markets increased their target price on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. JMP Securities restated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. TD Cowen dropped their price target on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, Evercore ISI upped their price target on TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.62.

Remove Ads

Insider Activity

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares of the company's stock, 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 through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of TPG 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 sale, the director now directly owns 15,841 shares of the company's stock, valued at $980,716.31. This trade represents 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 Price Performance

Shares of NASDAQ TPG traded down $2.42 during midday trading on Thursday, reaching $43.45. 275,722 shares of the stock traded hands, compared to its average volume of 1,478,253. The stock has a market capitalization of $16.05 billion, a PE ratio of -98.75, a P/E/G ratio of 0.80 and a beta of 1.58. The company's 50 day moving average is $52.55 and its 200 day moving average is $60.93. TPG Inc. has a one year low of $37.52 and a one year high of $72.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

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, equities research analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.53 dividend. This is a positive change 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 4.88%. TPG's dividend payout ratio (DPR) is presently -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.