Nomura Asset Management Co. Ltd. Acquires 10,692 Shares of TPG Inc. (NASDAQ:TPG)

Nomura Asset Management Co. Ltd. lifted its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 228.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,381 shares of the company's stock after purchasing an additional 10,692 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in TPG were worth $967,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TPG. The Manufacturers Life Insurance Company boosted its position in TPG by 19.2% during the third quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company's stock valued at $1,357,000 after purchasing an additional 3,802 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TPG by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company's stock worth $1,019,000 after purchasing an additional 965 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TPG by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,991 shares of the company's stock valued at $18,591,000 after buying an additional 8,615 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of TPG in the third quarter valued at $342,000. Finally, Quarry LP increased its holdings in TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company's stock worth $184,000 after buying an additional 1,846 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BMO Capital Markets increased their price target on shares of TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a research note on Thursday, December 19th. Wells Fargo & Company cut their target price on shares of TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Evercore ISI boosted their price target on TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Bank of America dropped their price objective on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group reduced their target price on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $62.42.

TPG Stock Performance

Shares of NASDAQ TPG traded up $0.61 during trading hours on Monday, reaching $41.60. 4,263,753 shares of the stock were exchanged, compared to its average volume of 1,062,316. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of -94.55, a P/E/G ratio of 0.80 and a beta of 1.58. The stock's fifty day simple moving average is $54.49 and its 200 day simple moving average is $61.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, beating 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%. Sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently declared 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. This represents a $2.12 dividend on an annualized basis and a yield of 5.10%. This is a positive change from TPG's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. TPG's dividend payout ratio (DPR) is currently -481.82%.

Insiders Place Their Bets

In related news, General Counsel Bradford Berenson sold 2,509 shares of the business's 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 completion of the transaction, the general counsel now owns 290,841 shares of the company's stock, valued at $14,553,683.64. The trade was a 0.86 % 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. Also, Director Deborah M. Messemer sold 1,695 shares of the company's 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 directly owns 15,841 shares of the company's stock, valued at $980,716.31. This represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company's stock.

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.