Geode Capital Management LLC Has $92.19 Million Stock Position in TPG Inc. (NASDAQ:TPG)

Geode Capital Management LLC increased its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,466,506 shares of the company's stock after buying an additional 24,505 shares during the period. Geode Capital Management LLC owned about 0.40% of TPG worth $92,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in TPG by 5.0% in the third quarter. State Street Corp now owns 1,421,981 shares of the company's stock valued at $81,849,000 after purchasing an additional 67,597 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of TPG during the third quarter worth $461,000. Barclays PLC boosted its holdings in TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company's stock valued at $34,652,000 after purchasing an additional 597,972 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock valued at $161,921,000 after buying an additional 244,373 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in shares of TPG by 146.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock worth $96,166,000 after buying an additional 992,818 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of the company's 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 in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 76.48% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on TPG. JMP Securities reiterated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company reduced their target price on TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets raised their price target on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Citigroup dropped their price objective on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, 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 report on Friday, April 4th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $58.25.

TPG Stock Down 2.3 %

Shares of TPG traded down $1.03 during trading hours on Wednesday, reaching $43.78. The company's stock had a trading volume of 269,355 shares, compared to its average volume of 1,101,416. The company has a 50 day moving average of $50.97 and a two-hundred day moving average of $60.55. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of -99.45, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results 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 predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 4.84%. 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. TPG's payout ratio is currently -481.82%.

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.