TPG Inc. (NASDAQ:TPG) Position Increased by Invesco Ltd.

Invesco Ltd. raised its stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 103.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 656,072 shares of the company's stock after buying an additional 333,973 shares during the quarter. Invesco Ltd. owned about 0.18% of TPG worth $41,228,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TPG. ORG Wealth Partners LLC purchased a new stake in TPG in the 4th quarter worth approximately $33,000. R Squared Ltd purchased a new position in TPG during the fourth quarter worth about $97,000. Wedmont Private Capital acquired a new stake in TPG in the 4th quarter worth about $204,000. Shoker Investment Counsel Inc. grew its holdings in TPG by 10.4% in the 4th 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. Finally, Ritholtz Wealth Management increased 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 valued at $295,000 after acquiring an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

TPG Stock Up 0.0 %

Shares of TPG stock traded up $0.01 during trading hours on Friday, hitting $43.51. 1,268,373 shares of the company's stock traded hands, compared to its average volume of 1,117,188. 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 Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The stock has a 50 day simple moving average of $49.86 and a 200-day simple moving average of $60.24. The company has a market cap of $16.08 billion, a PE ratio of -98.89, a PEG ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last announced 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 return on equity of 24.66% and a net margin of 0.67%. Equities research analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

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

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares of the company's stock, 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 is accessible through this hyperlink. Insiders own 76.48% of the company's stock.

Analyst Upgrades and Downgrades

TPG has been the topic of several research reports. Evercore ISI increased their target price on TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. 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. Wells Fargo & Company decreased their target price on TPG from $66.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price target on shares of TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Finally, Citigroup decreased their price objective on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $58.25.

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.