Harbert Fund Advisors Inc. Acquires Shares of 15,000 TPG Inc. (NASDAQ:TPG)

Harbert Fund Advisors Inc. acquired a new position in TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the company's stock, valued at approximately $943,000.

Several other institutional investors have also recently made changes to their positions in TPG. Treasurer of the State of North Carolina grew its stake in shares of TPG by 0.6% during the fourth 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 last quarter. Shoker Investment Counsel Inc. boosted its position in TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock worth $244,000 after purchasing an additional 366 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in 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 acquired a new stake in TPG in the 4th quarter worth about $33,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of TPG by 14.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,208 shares of the company's stock worth $390,000 after purchasing an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

TPG Price Performance

NASDAQ TPG traded down $1.06 on Wednesday, reaching $43.75. The company's stock had a trading volume of 447,870 shares, compared to its average volume of 1,102,411. 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 twelve month low of $37.52 and a twelve month high of $72.98. The stock has a market cap of $16.16 billion, a PE ratio of -99.43, a PEG ratio of 0.80 and a beta of 1.58. The firm's 50 day moving average is $50.97 and its two-hundred day moving average is $60.55.

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TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.85%. TPG's dividend payout ratio is currently -481.82%.

Insider Transactions at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG 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 transaction, the general counsel now directly owns 290,841 shares of the company's stock, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 76.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BMO Capital Markets upped their target price on TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Morgan Stanley restated an "equal weight" rating and issued a $47.00 price objective (down previously from $80.00) on shares of TPG in a report on Monday. Wells Fargo & Company decreased their price objective on TPG from $66.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group dropped their price target on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, Evercore ISI boosted their price objective on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $58.25.

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.