9,789 Shares in TPG Inc. (NASDAQ:TPG) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,789 shares of the company's stock, valued at approximately $615,000.

Several other institutional investors have also recently made changes to their positions in TPG. Lord Abbett & CO. LLC raised its holdings in TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock worth $96,166,000 after purchasing an additional 992,818 shares during the period. Barclays PLC lifted its position in shares of TPG by 14,739.3% during the 3rd quarter. Barclays PLC now owns 602,029 shares of the company's stock valued at $34,652,000 after buying an additional 597,972 shares in the last quarter. Franklin Resources Inc. grew its stake in TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock valued at $161,921,000 after acquiring an additional 244,373 shares during the period. Kornitzer Capital Management Inc. KS purchased a new stake in TPG in the 4th quarter worth $7,423,000. Finally, Geode Capital Management LLC increased its holdings in TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after acquiring an additional 102,663 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Trading Up 1.8 %

TPG stock traded up $0.79 during trading on Friday, reaching $44.59. 2,045,526 shares of the stock were exchanged, compared to its average volume of 1,098,179. 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 firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of -101.34, a P/E/G ratio of 0.80 and a beta of 1.58. The business has a 50 day moving average price of $51.73 and a 200-day moving average price of $60.73. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98.

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

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.53 dividend. This is a positive change from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.75%. The ex-dividend date was Friday, February 21st. TPG's payout ratio is -481.82%.

Insider Buying and Selling at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction dated 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 $14,553,683.64. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Deborah M. Messemer sold 1,695 shares of the business's 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 sale, the director now owns 15,841 shares in the company, valued at $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. 76.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TPG. TD Cowen dropped their target price on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday. Wells Fargo & Company lowered their price objective on TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods increased 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. Evercore ISI lifted their price target on 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 TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.62.

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.