Grandeur Peak Global Advisors LLC trimmed its position in TPG Inc. (NASDAQ:TPG - Free Report) by 30.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,163 shares of the company's stock after selling 21,333 shares during the period. Grandeur Peak Global Advisors LLC's holdings in TPG were worth $3,089,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in TPG by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,134 shares of the company's stock worth $260,000 after buying an additional 1,345 shares during the period. Harbert Fund Advisors Inc. acquired a new position in shares of TPG during the 4th quarter valued at about $943,000. Treasurer of the State of North Carolina lifted its holdings in shares of TPG by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company's stock worth $2,322,000 after acquiring an additional 230 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of TPG in the fourth quarter worth approximately $615,000. Finally, Legal & General Group Plc grew its holdings in TPG by 25.5% in the fourth quarter. Legal & General Group Plc now owns 75,034 shares of the company's stock valued at $4,715,000 after purchasing an additional 15,248 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 76.48% of the stock is owned by company insiders.
TPG Stock Up 0.7 %
Shares of NASDAQ TPG traded up $0.29 during midday trading on Tuesday, reaching $44.81. 1,303,501 shares of the company's stock were exchanged, compared to its average volume of 1,104,658. 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 52-week low of $37.52 and a 52-week high of $72.98. The business's fifty day moving average price is $50.97 and its two-hundred day moving average price is $60.55. The stock has a market capitalization of $16.56 billion, a PE ratio of -101.84, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58.
TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that TPG Inc. will post 2.52 EPS 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. This represents a $2.12 dividend on an annualized basis and a yield of 4.73%. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. TPG's dividend payout ratio is -481.82%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on TPG shares. Wells Fargo & Company decreased their price target on shares of TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. TD Cowen lowered their price target on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group cut their price objective on TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. JMP Securities reissued a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods lifted 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. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, TPG currently has an average rating of "Hold" and an average target price of $58.25.
Read Our Latest Research Report on TPG
TPG Company Profile
(
Free Report)
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.
Read More
Before you consider TPG, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TPG wasn't on the list.
While TPG currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
