JPMorgan Chase & Co. Has $104.30 Million Holdings in TPG Inc. (NASDAQ:TPG)

JPMorgan Chase & Co. boosted its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 2,515.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,659,703 shares of the company's stock after acquiring an additional 1,596,254 shares during the quarter. JPMorgan Chase & Co. owned 0.45% of TPG worth $104,296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new stake in shares of TPG in the 4th quarter valued at about $33,000. R Squared Ltd bought a new position in shares of TPG during the fourth quarter worth about $97,000. Quarry LP raised its position in TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company's stock valued at $184,000 after buying an additional 1,846 shares during the last quarter. Wedmont Private Capital bought a new stake in TPG in the 4th quarter valued at approximately $204,000. Finally, Shoker Investment Counsel Inc. boosted its position in TPG by 10.4% during the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock worth $244,000 after acquiring an additional 366 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares of the company's stock, valued at $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction dated Tuesday, January 14th. The stock was 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 in the company, valued at $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of analysts have recently issued reports on TPG shares. The Goldman Sachs Group lowered their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday. BMO Capital Markets boosted 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. Keefe, Bruyette & Woods raised their price objective on TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Bank of America lowered their target price on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Evercore ISI increased their price target on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.42.

TPG Stock Performance

TPG stock traded up $0.61 during mid-day trading on Monday, hitting $41.60. 4,263,753 shares of the company were exchanged, compared to its average volume of 1,062,316. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The business has a 50 day simple moving average of $54.49 and a 200-day simple moving average of $61.41. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $15.37 billion, a PE ratio of -94.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58.

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

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.53 dividend. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 5.10%. The ex-dividend date was Friday, February 21st. TPG's payout ratio is -481.82%.

TPG Company 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.