Charles Schwab Investment Management Inc. cut its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 739,807 shares of the company's stock after selling 31,191 shares during the period. Charles Schwab Investment Management Inc. owned about 0.20% of TPG worth $46,489,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in TPG in the fourth quarter valued at $33,000. R Squared Ltd bought a new stake in TPG in the fourth quarter valued at $97,000. KBC Group NV grew its position in TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company's stock valued at $138,000 after acquiring an additional 482 shares during the period. Quarry LP boosted its stake in TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company's stock worth $184,000 after purchasing an additional 1,846 shares in the last quarter. Finally, Iron Gate Global Advisors LLC acquired a new position in TPG in the third quarter worth $201,000. 94.03% of the stock is currently owned by institutional investors.
TPG Trading Down 0.6 %
NASDAQ:TPG traded down $0.31 during mid-day trading on Tuesday, hitting $49.20. The company had a trading volume of 1,901,105 shares, compared to its average volume of 968,237. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The business's fifty day moving average is $59.83 and its two-hundred day moving average is $61.89. 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 firm has a market cap of $18.18 billion, a P/E ratio of -111.82, a P/E/G ratio of 0.80 and a beta of 1.54.
TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating 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%. As a group, research analysts expect that TPG Inc. will post 2.52 earnings per share for the current 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 issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from TPG's previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.31%. TPG's dividend payout ratio (DPR) is presently -481.82%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on TPG shares. JMP Securities reissued a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on TPG from $83.00 to $78.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price objective on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. The Goldman Sachs Group boosted their price objective on TPG from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, BMO Capital Markets upped their price target 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $64.27.
Check Out Our Latest Stock Analysis on TPG
Insider Buying and Selling
In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the firm's stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 76.48% of the stock is owned by corporate insiders.
TPG Company Profile
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Free Report)
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.
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