Trivest Advisors Ltd Takes $5.63 Million Position in TPG Inc. (NASDAQ:TPG)

Trivest Advisors Ltd bought a new stake in TPG Inc. (NASDAQ:TPG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,600 shares of the company's stock, valued at approximately $5,630,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Xponance Inc. lifted its stake in TPG by 21.7% in the fourth quarter. Xponance Inc. now owns 5,886 shares of the company's stock valued at $370,000 after acquiring an additional 1,051 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in TPG by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company's stock valued at $504,000 after acquiring an additional 498 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in TPG by 36.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 159,800 shares of the company's stock valued at $10,133,000 after acquiring an additional 43,000 shares during the last quarter. Swiss National Bank lifted its stake in TPG by 4.8% in the fourth quarter. Swiss National Bank now owns 151,500 shares of the company's stock valued at $9,520,000 after acquiring an additional 6,900 shares during the last quarter. Finally, Burkehill Global Management LP acquired a new stake in TPG in the fourth quarter valued at approximately $31,420,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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TPG Stock Performance

TPG stock traded down $0.49 on Friday, reaching $50.00. 2,591,349 shares of the company were exchanged, compared to its average volume of 984,472. TPG Inc. has a 12 month low of $39.18 and a 12 month high of $72.98. The stock's fifty day moving average price is $58.69 and its 200 day moving average price is $61.90. The firm has a market capitalization of $18.47 billion, a PE ratio of -113.64, a PEG ratio of 0.80 and a beta of 1.54. 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 (NASDAQ:TPG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.24%. This is a positive change from TPG's previous quarterly dividend of $0.38. TPG's payout ratio is -481.82%.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the business's 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by insiders.

TPG 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.