15,600 Shares in TPG Inc. (NASDAQ:TPG) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 15,600 shares of the company's stock, valued at approximately $980,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company's stock worth $44,379,000 after acquiring an additional 31,638 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of TPG by 19.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company's stock valued at $1,357,000 after purchasing an additional 3,802 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TPG by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company's stock worth $1,019,000 after purchasing an additional 965 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of TPG by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,991 shares of the company's stock worth $18,591,000 after buying an additional 8,615 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in TPG during the third quarter valued at $342,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their target price on TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. BMO Capital Markets upped their price objective 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. Keefe, Bruyette & Woods lifted their target price 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. JMP Securities reissued a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Finally, Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. 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, the stock presently has an average rating of "Hold" and an average price target of $61.91.

Insiders Place Their Bets

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG 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 of the company's stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The sale 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 dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the transaction, the director now directly owns 15,841 shares of the company's stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 76.48% of the company's stock.

TPG Trading Down 14.7 %

TPG stock traded down $7.29 during midday trading on Thursday, hitting $42.33. The company had a trading volume of 3,462,122 shares, compared to its average volume of 1,028,369. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of -96.20, a PEG ratio of 0.80 and a beta of 1.54. TPG Inc. has a 52 week low of $39.18 and a 52 week high of $72.98. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average price is $55.56 and its 200 day moving average price is $61.60.

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 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, equities research analysts expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.53 dividend. The ex-dividend date was Friday, February 21st. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 5.01%. TPG's dividend payout ratio (DPR) is presently -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.