TPG Inc. (NASDAQ:TPG) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,800 shares of the company's stock after purchasing an additional 43,000 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in TPG were worth $10,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TPG. Lord Abbett & CO. LLC raised its position in shares of 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 acquiring an additional 992,818 shares in the last quarter. Barclays PLC raised its position in shares of TPG by 14,739.3% in the 3rd quarter. Barclays PLC now owns 602,029 shares of the company's stock worth $34,652,000 after acquiring an additional 597,972 shares in the last quarter. Burkehill Global Management LP bought a new position in shares of TPG in the 4th quarter worth $31,420,000. Franklin Resources Inc. raised its position in shares of TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock worth $161,921,000 after acquiring an additional 244,373 shares in the last quarter. Finally, Partners Group Holding AG raised its position in shares of TPG by 112.2% in the 3rd quarter. Partners Group Holding AG now owns 332,627 shares of the company's stock worth $19,146,000 after acquiring an additional 175,847 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 1,695 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 76.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets boosted their price target on TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Wells Fargo & Company dropped their target price on TPG from $83.00 to $78.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. JMP Securities restated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Keefe, Bruyette & Woods boosted their target price on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Finally, Evercore ISI boosted their target price on TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $64.27.

TPG Stock Performance

TPG stock traded up $1.30 during trading hours on Wednesday, hitting $50.50. 1,506,191 shares of the stock traded hands, compared to its average volume of 972,115. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The firm's 50 day moving average price is $59.53 and its 200-day moving average price is $61.88. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of -114.77, a P/E/G ratio of 0.80 and a beta of 1.54. TPG Inc. has a 1 year low of $39.18 and a 1 year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last issued its earnings results 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 return on equity of 24.66% and a net margin of 0.67%. As a group, equities analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently declared 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 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 4.20%. TPG's dividend payout ratio 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.