Keystone Investors PTE Ltd. Makes New Investment in TPG Inc. (NASDAQ:TPG)

Keystone Investors PTE Ltd. bought a new position in TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 202,181 shares of the company's stock, valued at approximately $12,705,000. TPG makes up about 0.9% of Keystone Investors PTE Ltd.'s investment portfolio, making the stock its 23rd biggest position. Keystone Investors PTE Ltd. owned 0.06% of TPG at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new position in TPG in the 4th quarter worth about $33,000. R Squared Ltd acquired a new position in shares of TPG in the fourth quarter worth about $97,000. Quarry LP increased its position in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company's stock worth $184,000 after acquiring an additional 1,846 shares in the last quarter. Iron Gate Global Advisors LLC purchased a new position in TPG during the 3rd quarter worth approximately $201,000. Finally, Wedmont Private Capital purchased a new position in TPG during the 4th quarter worth approximately $204,000. 94.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares of the company's stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 76.48% of the company's stock.

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TPG Stock Down 3.7 %

Shares of TPG stock traded down $1.83 on Friday, hitting $47.71. The company's stock had a trading volume of 770,693 shares, compared to its average volume of 1,013,635. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of -108.43, a P/E/G ratio of 0.80 and a beta of 1.54. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The firm's fifty day moving average price is $57.29 and its 200-day moving average price is $61.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping 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%. Research analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently declared 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 represents a $2.12 annualized dividend and a yield of 4.44%. The ex-dividend date was Friday, February 21st. This is an increase from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio (DPR) is -481.82%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TPG shares. Wells Fargo & Company lowered their price target on TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. JMP Securities reiterated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price target on shares of TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Evercore ISI boosted their price objective on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets increased their target price 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. Seven research 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, TPG presently has a consensus rating of "Hold" and a consensus target price of $63.18.

TPG Company 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.