TPG Inc. (NASDAQ:TPG) Position Increased by Partners Group Holding AG

Partners Group Holding AG raised its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,254 shares of the company's stock after buying an additional 12,627 shares during the quarter. TPG makes up approximately 0.8% of Partners Group Holding AG's holdings, making the stock its 28th largest holding. Partners Group Holding AG owned 0.09% of TPG worth $21,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Lord Abbett & CO. LLC grew its holdings in TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock valued at $96,166,000 after purchasing an additional 992,818 shares during the period. Barclays PLC boosted its holdings in shares of TPG by 14,739.3% in the 3rd quarter. Barclays PLC now owns 602,029 shares of the company's stock valued at $34,652,000 after purchasing an additional 597,972 shares during the last quarter. Burkehill Global Management LP purchased a new stake in shares of TPG during the 4th quarter valued at $31,420,000. Franklin Resources Inc. increased its holdings in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock worth $161,921,000 after buying an additional 244,373 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of TPG by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company's stock worth $519,438,000 after buying an additional 162,107 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

Remove Ads

TPG Stock Down 3.5 %

Shares of TPG stock traded down $1.79 during trading hours on Thursday, hitting $49.54. 1,176,426 shares of the company's stock traded hands, compared to its average volume of 995,634. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a market cap of $18.30 billion, a PE ratio of -112.59, a PEG ratio of 0.80 and a beta of 1.54. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $57.68 and a 200-day simple moving average of $61.78.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share 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 disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 4.28%. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. TPG's dividend payout ratio is -481.82%.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now 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 disclosure for this sale can be found here. 76.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TPG shares. JMP Securities reissued a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. 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. Evercore ISI boosted their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets increased 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. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $63.18.

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.