TPG Inc. (NASDAQ:TPG) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in TPG Inc. (NASDAQ:TPG - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,266,047 shares of the company's stock after purchasing an additional 162,107 shares during the period. Vanguard Group Inc. owned about 2.26% of TPG worth $519,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its position in shares of TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock worth $96,166,000 after acquiring an additional 992,818 shares during the period. Barclays PLC increased its stake in shares of TPG by 14,739.3% in the 3rd quarter. Barclays PLC now owns 602,029 shares of the company's stock valued at $34,652,000 after purchasing an additional 597,972 shares in the last quarter. Burkehill Global Management LP acquired a new position in TPG in the 4th quarter worth about $31,420,000. Franklin Resources Inc. boosted its position in TPG by 10.1% during the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock worth $161,921,000 after purchasing an additional 244,373 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in TPG by 11.7% in the fourth quarter. American Century Companies Inc. now owns 1,407,270 shares of the company's stock valued at $88,433,000 after purchasing an additional 147,892 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TPG shares. Keefe, Bruyette & Woods increased their target price on TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. BMO Capital Markets boosted their target price on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research note on Thursday, December 19th. 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 report on Wednesday, February 12th. Finally, JMP Securities reiterated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.18.

Insiders Place Their Bets

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm'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 sale, the general counsel now owns 290,841 shares of the company's stock, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of TPG 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 sale, the director now directly owns 15,841 shares of the company's stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by insiders.

TPG Price Performance

Shares of NASDAQ:TPG traded up $1.90 during midday trading on Wednesday, hitting $49.62. The company had a trading volume of 1,163,227 shares, compared to its average volume of 1,017,330. The business's 50-day simple moving average is $56.11 and its 200-day simple moving average is $61.73. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of -112.77, a price-to-earnings-growth 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 Inc. has a twelve month low of $39.18 and a twelve month high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last issued 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 return on equity of 24.66% and a net margin of 0.67%. On average, 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. 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 dividend yield of 4.27%. This is an increase 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 presently -481.82%.

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.