75,396 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 75,396 shares of the company's stock, valued at approximately $4,738,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPG. KBC Group NV raised its position in TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company's stock valued at $138,000 after purchasing an additional 482 shares during the period. Swiss National Bank grew its stake in shares of TPG by 5.9% in the third quarter. Swiss National Bank now owns 144,600 shares of the company's stock valued at $8,323,000 after buying an additional 8,100 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company's stock valued at $44,379,000 after buying an additional 31,638 shares during the period. Harvest Fund Management Co. Ltd lifted its position in TPG by 803.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 10,677 shares of the company's stock worth $615,000 after acquiring an additional 9,495 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in TPG by 19.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company's stock worth $1,357,000 after acquiring an additional 3,802 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TPG. Wells Fargo & Company dropped their price objective on shares of TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Keefe, Bruyette & Woods lifted their price target on shares of TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. BMO Capital Markets upped their price objective on shares of TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a research report on Thursday, December 19th. Evercore ISI lifted 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. Finally, JMP Securities reiterated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TPG presently has an average rating of "Hold" and a consensus price target of $63.18.

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Insider Buying and Selling

In other news, General Counsel Bradford Berenson sold 2,509 shares of the 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 in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the firm's 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 sale, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is owned by company insiders.

TPG Stock Performance

Shares of TPG traded down $1.22 during mid-day trading on Wednesday, hitting $51.33. The stock had a trading volume of 1,074,683 shares, compared to its average volume of 991,686. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. 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 company has a market cap of $18.96 billion, a PE ratio of -116.66, a PEG ratio of 0.80 and a beta of 1.54. The company's fifty day simple moving average is $58.29 and its two-hundred day simple moving average is $61.94.

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

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.13%. 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 is currently -481.82%.

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.