Victory Capital Management Inc. Purchases 15,071 Shares of TPG Inc. (NASDAQ:TPG)

Victory Capital Management Inc. boosted its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 143.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,592 shares of the company's stock after buying an additional 15,071 shares during the quarter. Victory Capital Management Inc.'s holdings in TPG were worth $1,608,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock valued at $161,921,000 after acquiring an additional 244,373 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock valued at $96,166,000 after acquiring an additional 992,818 shares during the period. Geode Capital Management LLC grew its stake in shares of TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock valued at $83,023,000 after acquiring an additional 102,663 shares during the period. State Street Corp grew its stake in shares of TPG by 5.0% during the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company's stock valued at $81,849,000 after acquiring an additional 67,597 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company's stock valued at $44,379,000 after acquiring an additional 31,638 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.

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Insiders Place Their Bets

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction on Wednesday, March 19th. The stock was 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 in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 76.48% of the company's stock.

TPG Trading Down 1.0 %

NASDAQ:TPG traded down $0.49 during midday trading on Friday, hitting $50.00. 2,591,349 shares of the company traded hands, compared to its average volume of 982,103. The firm's fifty day moving average is $58.69 and its 200-day moving average is $61.72. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98. The firm has a market capitalization of $18.47 billion, a P/E ratio of -113.64, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. On average, sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current 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 paid a $0.53 dividend. This is a positive change from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.24%. TPG's dividend payout ratio (DPR) is presently -481.82%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets upped their price target on TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods upped their price target on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. 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. Evercore ISI increased their target price on TPG from $65.00 to $66.00 and gave the company 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 research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $63.18.

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.