Cornercap Investment Counsel Inc. Sells 5,390 Shares of TPG Inc. (NASDAQ:TPG)

Cornercap Investment Counsel Inc. lowered its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 31.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,606 shares of the company's stock after selling 5,390 shares during the period. Cornercap Investment Counsel Inc.'s holdings in TPG were worth $729,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Shoker Investment Counsel Inc. raised its stake in shares of TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after purchasing an additional 366 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of TPG by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company's stock worth $504,000 after acquiring an additional 498 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of TPG in the 4th quarter worth approximately $33,000. Ritholtz Wealth Management boosted its holdings in shares of TPG by 21.6% in the fourth quarter. Ritholtz Wealth Management now owns 4,695 shares of the company's stock valued at $295,000 after acquiring an additional 833 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TPG by 5.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company's stock valued at $1,019,000 after acquiring an additional 965 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

TPG Stock Up 4.0 %

Shares of TPG stock traded up $1.90 during trading on Wednesday, hitting $49.62. 1,163,192 shares of the stock traded hands, compared to its average volume of 1,016,577. The company has a fifty day moving average price of $56.48 and a two-hundred day moving average price of $61.82. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The stock has a market cap of $18.33 billion, a P/E ratio of -112.77, a PEG ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18.

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TPG (NASDAQ:TPG - Get Free Report) last posted 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%. Equities research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.27%. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio is presently -481.82%.

Analyst Ratings Changes

TPG has been the subject of a number of research reports. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Keefe, Bruyette & Woods lifted their target price on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Evercore ISI raised their price objective 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 upped their target price on TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective on shares of TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, TPG has an average rating of "Hold" and an average price target of $63.18.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred 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 transaction, the director now owns 15,841 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares of the company's stock, 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. Corporate insiders own 76.48% of the company's stock.

About TPG

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.