Franklin Resources Inc. Has $140.10 Million Stock Holdings in TPG Inc. (NASDAQ:TPG)

Franklin Resources Inc. trimmed its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,229,502 shares of the company's stock after selling 426,691 shares during the period. Franklin Resources Inc. owned 0.61% of TPG worth $140,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TPG. ORG Wealth Partners LLC acquired a new stake in TPG during the fourth quarter worth about $33,000. R Squared Ltd acquired a new position in shares of TPG during the 4th quarter worth $97,000. Quarry LP lifted its position in shares of TPG by 136.2% during the 3rd 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. Wedmont Private Capital acquired a new stake in TPG in the fourth quarter valued at about $204,000. Finally, Shoker Investment Counsel Inc. grew its position in TPG by 10.4% in the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after acquiring an additional 366 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

TPG Trading Down 1.6 %

Shares of TPG stock traded down $0.66 during midday trading on Monday, reaching $40.33. The company had a trading volume of 1,382,272 shares, compared to its average volume of 1,051,733. The firm has a market cap of $14.90 billion, a PE ratio of -92.14, a P/E/G ratio of 0.80 and a beta of 1.58. The stock has a fifty day moving average price of $54.99 and a 200 day moving average price of $61.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98.

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TPG (NASDAQ:TPG - Get Free Report) last posted 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 net margin of 0.67% and a return on equity of 24.66%. On average, equities analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.53 per share. 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 yield of 5.26%. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio (DPR) is presently -481.82%.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the firm's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares of the company's stock, 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. Corporate insiders own 76.48% of the company's stock.

Analysts Set New Price Targets

TPG has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a report on Thursday. JMP Securities reissued a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Evercore ISI boosted their target price 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. Wells Fargo & Company dropped their price target on TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, BMO Capital Markets boosted their price objective on TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, TPG has an average rating of "Hold" and a consensus target price of $62.42.

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.