TPG Inc. (NASDAQ:TPG) Shares Acquired by AXQ Capital LP

AXQ Capital LP raised its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 69.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,152 shares of the company's stock after purchasing an additional 8,669 shares during the period. TPG accounts for about 0.6% of AXQ Capital LP's portfolio, making the stock its 27th largest position. AXQ Capital LP's holdings in TPG were worth $1,329,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Shoker Investment Counsel Inc. increased its holdings in TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after buying an additional 366 shares during the period. KBC Group NV increased its holdings in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company's stock valued at $138,000 after acquiring an additional 482 shares during the period. Commonwealth Equity Services LLC raised its position in shares of TPG by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company's stock worth $504,000 after acquiring an additional 498 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of TPG during the 4th quarter worth $33,000. Finally, Ritholtz Wealth Management lifted its stake in shares of TPG by 21.6% during the 4th quarter. Ritholtz Wealth Management now owns 4,695 shares of the company's stock worth $295,000 after purchasing an additional 833 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

TPG Stock Performance

NASDAQ TPG traded down $1.22 during trading hours on Wednesday, reaching $51.33. The stock had a trading volume of 1,074,683 shares, compared to its average volume of 993,038. TPG Inc. has a 52-week low of $39.18 and a 52-week high of $72.98. The stock has a fifty day moving average of $58.00 and a 200 day moving average of $61.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The stock has a market cap of $18.96 billion, a P/E ratio of -116.66, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54.

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TPG (NASDAQ:TPG - Get Free Report) last released 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%. Sell-side analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.13%. This is a positive change from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio (DPR) is presently -481.82%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages have commented on TPG. BMO Capital Markets boosted 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. Wells Fargo & Company decreased their target price on shares of TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Evercore ISI lifted their price target on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. JMP Securities reiterated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods boosted their target price on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, TPG has an average rating of "Hold" and a consensus price target of $63.18.

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.