Thrivent Financial for Lutherans Has $23.40 Million Holdings in TPG Inc. (NASDAQ:TPG)

Thrivent Financial for Lutherans cut its position in TPG Inc. (NASDAQ:TPG - Free Report) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 372,325 shares of the company's stock after selling 64,912 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of TPG worth $23,397,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TPG. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of TPG in the third quarter valued at about $269,000. KBC Group NV grew its stake in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company's stock valued at $138,000 after buying an additional 482 shares during the last quarter. Swiss National Bank raised its holdings in TPG by 5.9% in the 3rd quarter. Swiss National Bank now owns 144,600 shares of the company's stock valued at $8,323,000 after acquiring an additional 8,100 shares during the period. Charles Schwab Investment Management Inc. lifted its position in TPG by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company's stock worth $44,379,000 after acquiring an additional 31,638 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in TPG by 803.3% during the third 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 during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,695 shares of the firm's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the transaction, the director now directly owns 15,841 shares of the company's stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction dated Wednesday, March 19th. The stock was 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 in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 76.48% of the company's stock.

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TPG Price Performance

TPG traded up $0.31 during trading on Tuesday, hitting $52.55. 1,590,303 shares of the stock traded hands, compared to its average volume of 1,326,627. The business has a 50 day moving average price of $58.50 and a 200 day moving average price of $61.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a market cap of $19.42 billion, a price-to-earnings ratio of -119.43, a PEG ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.03%. This is a positive change from TPG's previous quarterly dividend of $0.38. TPG's payout ratio is currently -481.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TPG. Wells Fargo & Company lowered their target price on 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 increased their price objective on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Evercore ISI boosted their target price on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. BMO Capital Markets raised their price target on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Finally, JMP Securities reissued a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.18.

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.