Sound View Wealth Advisors Group LLC Buys Shares of 16,873 TPG Inc. (NASDAQ:TPG)

Sound View Wealth Advisors Group LLC purchased a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,873 shares of the company's stock, valued at approximately $1,060,000.

A number of other institutional investors also recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in 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 purchasing an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of TPG by 146.5% during 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 last quarter. Geode Capital Management LLC grew its holdings in shares of TPG by 7.7% during the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after buying an additional 102,663 shares in the last quarter. State Street Corp raised its position in shares of TPG by 5.0% in the third quarter. State Street Corp now owns 1,421,981 shares of the company's stock valued at $81,849,000 after buying an additional 67,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of TPG by 4.3% during the third 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. 94.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of TPG 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 sale, the director now owns 15,841 shares of the company's stock, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 76.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TPG. BMO Capital Markets lifted their target price on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price objective on TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. The Goldman Sachs Group increased their target price on TPG from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. JMP Securities restated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of TPG from $67.00 to $69.00 and gave the stock a "buy" rating in a report on Monday, November 11th. 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, the stock presently has an average rating of "Hold" and a consensus target price of $64.27.

Remove Ads

TPG Price Performance

TPG opened at $49.08 on Monday. TPG Inc. has a 52-week low of $39.18 and a 52-week high of $72.98. The company has a 50 day moving average of $61.75 and a two-hundred day moving average of $61.97. The company has a market cap of $18.13 billion, a P/E ratio of -111.55, a P/E/G 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.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share 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, analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.53 per share. This is an increase from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding TPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG Inc. (NASDAQ:TPG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.