Swiss National Bank Acquires 6,900 Shares of TPG Inc. (NASDAQ:TPG)

Swiss National Bank increased its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,500 shares of the company's stock after buying an additional 6,900 shares during the quarter. Swiss National Bank's holdings in TPG were worth $9,520,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TPG. ORG Wealth Partners LLC acquired a new stake in shares of TPG in the fourth quarter valued at $33,000. R Squared Ltd acquired a new stake in TPG during the fourth quarter valued at approximately $97,000. KBC Group NV boosted its stake in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after acquiring an additional 482 shares in the last quarter. Quarry LP boosted its position in shares of 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 purchasing an additional 1,846 shares during the period. Finally, Wedmont Private Capital purchased a new position in shares of TPG in the fourth quarter worth approximately $204,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction on Tuesday, January 14th. The shares were 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 owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the company's 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 completion of the sale, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 76.48% of the company's stock.

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TPG Stock Performance

TPG stock traded down $1.22 during midday trading on Wednesday, hitting $51.33. 1,074,483 shares of the company traded hands, compared to its average volume of 991,686. The business has a 50 day simple moving average of $58.29 and a 200-day simple moving average of $61.94. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of -116.66, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, equities research analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.13%. This is a boost from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio is currently -481.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TPG shares. 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 note on Friday, December 20th. 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 report on Thursday, December 19th. Wells Fargo & Company dropped their price objective on shares of TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. JMP Securities reissued a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Finally, 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 note on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $63.18.

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.