T. Rowe Price Investment Management Inc. Purchases 169,105 Shares of TPG Inc. (NASDAQ:TPG)

T. Rowe Price Investment Management Inc. increased its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,720,309 shares of the company's stock after purchasing an additional 169,105 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 0.47% of TPG worth $108,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TPG. JPMorgan Chase & Co. boosted its position in shares of TPG by 2,515.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock valued at $104,296,000 after acquiring an additional 1,596,254 shares during the period. Gunderson Capital Management Inc. bought a new stake in shares of TPG in the 4th quarter worth approximately $1,815,000. Raymond James Financial Inc. acquired a new stake in shares of TPG during the 4th quarter worth approximately $615,000. Highland Capital Management LLC raised its stake in shares of TPG by 21.2% in the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after purchasing an additional 8,967 shares in the last quarter. Finally, Keystone Investors PTE Ltd. bought a new position in TPG in the fourth quarter worth $12,705,000. Institutional investors and hedge funds own 94.03% of the company's stock.

Insider Activity

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG 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 transaction, the general counsel now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 76.48% of the stock is currently owned by company insiders.

TPG Stock Up 0.5 %

TPG traded up $0.21 on Monday, hitting $46.75. 611,348 shares of the company were exchanged, compared to its average volume of 1,132,623. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The stock's fifty day moving average is $48.34 and its 200-day moving average is $59.72. The company has a market cap of $17.27 billion, a PE ratio of -106.25, a PEG ratio of 0.80 and a beta of 1.58. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98.

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 return on equity of 24.66% and a net margin of 0.67%. Equities research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.53 per share. This is a boost from TPG's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.53%. TPG's dividend payout ratio (DPR) is presently -481.82%.

Wall Street Analyst Weigh In

Several analysts recently commented on TPG shares. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 price target (down previously from $80.00) on shares of TPG in a research note on Monday, April 14th. Citigroup decreased their price target on TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI upped their price target on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. TD Cowen dropped their target price on shares of TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their price objective on shares of TPG from $66.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $58.25.

TPG 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.