Cerity Partners LLC Makes New $3.79 Million Investment in TPG Inc. (NASDAQ:TPG)

Cerity Partners LLC acquired a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 60,237 shares of the company's stock, valued at approximately $3,785,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of TPG during the 4th quarter valued at about $33,000. R Squared Ltd bought a new stake in TPG during the fourth quarter worth approximately $97,000. Wedmont Private Capital bought a new stake in TPG during the fourth quarter worth approximately $204,000. Shoker Investment Counsel Inc. grew its position in TPG by 10.4% in the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock worth $244,000 after buying an additional 366 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of TPG by 21.6% in the fourth quarter. Ritholtz Wealth Management now owns 4,695 shares of the company's stock valued at $295,000 after buying an additional 833 shares in the last quarter. Institutional investors own 94.03% of the company's stock.

TPG Stock Performance

TPG stock traded up $0.01 during midday trading on Friday, hitting $43.51. 1,268,373 shares of the company traded hands, compared to its average volume of 1,112,456. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of -98.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The business has a 50 day simple moving average of $50.20 and a 200-day simple moving average of $60.33.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating 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%. As a group, equities research analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Friday, February 21st. This is a boost from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio (DPR) is presently -481.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TPG. TD Cowen decreased their target price on TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Bank of America reduced their price objective on TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Evercore ISI lifted their target price on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Citigroup reduced their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities restated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, TPG currently has an average rating of "Hold" and an average target price of $58.25.

Insider Buying and Selling

In related news, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following 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 legal filing with the SEC, which is available through this hyperlink. 76.48% of the stock is owned by company insiders.

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.