KLP Kapitalforvaltning AS Buys Shares of 15,600 TPG Inc. (NASDAQ:TPG)

KLP Kapitalforvaltning AS bought a new stake in TPG Inc. (NASDAQ:TPG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 TPG. ORG Wealth Partners LLC bought a new stake in shares of TPG during the fourth quarter worth about $33,000. R Squared Ltd purchased a new stake in shares of TPG in the fourth quarter worth approximately $97,000. Quarry LP raised its stake 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 purchasing an additional 1,846 shares during the last quarter. Wedmont Private Capital bought a new position in shares of TPG in the fourth quarter valued at approximately $204,000. Finally, Iron Gate Global Advisors LLC purchased a new position in shares of TPG during the third quarter valued at approximately $201,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TPG shares. JMP Securities restated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. BMO Capital Markets boosted their price target on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. Evercore ISI increased their price objective on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Wells Fargo & Company cut 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. Finally, Keefe, Bruyette & Woods upped their target price on TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $63.18.

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TPG Stock Performance

Shares of TPG stock traded up $1.21 on Wednesday, hitting $48.93. 546,752 shares of the stock were exchanged, compared to its average volume of 1,014,224. The firm's 50 day moving average is $56.48 and its two-hundred day moving average is $61.82. TPG Inc. has a one year low of $39.18 and a one year high of $72.98. The firm has a market capitalization of $18.08 billion, a PE ratio of -111.20, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. Sell-side 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. Shareholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This is a boost from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.33%. TPG's payout ratio is presently -481.82%.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 1,695 shares of the business's 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 transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Company insiders own 76.48% of the company's stock.

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.