Virtu Financial LLC Acquires New Shares in TPG Inc. (NASDAQ:TPG)

Virtu Financial LLC purchased a new stake in TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,734 shares of the company's stock, valued at approximately $486,000.

A number of other institutional investors also recently modified their holdings of TPG. Franklin Resources Inc. boosted its position in TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock worth $161,921,000 after buying an additional 244,373 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of TPG by 146.5% during the third 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of TPG by 7.7% during the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after purchasing an additional 102,663 shares during the period. State Street Corp grew its stake in shares of TPG by 5.0% in the third quarter. State Street Corp now owns 1,421,981 shares of the company's stock worth $81,849,000 after purchasing an additional 67,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in TPG by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company's stock valued at $44,379,000 after purchasing an additional 31,638 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

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TPG Stock Performance

NASDAQ TPG traded down $1.83 during trading hours on Friday, reaching $47.71. 770,693 shares of the company were exchanged, compared to its average volume of 1,013,635. TPG Inc. has a 1 year low of $39.18 and a 1 year high of $72.98. The business's 50 day simple moving average is $57.29 and its 200-day simple moving average is $61.85. The stock has a market capitalization of $17.63 billion, a P/E ratio of -108.43, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (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%. On average, equities research analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.44%. This is an increase from TPG's previous quarterly dividend of $0.38. TPG's payout ratio is currently -481.82%.

Analysts Set New Price Targets

TPG has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. 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 research report on Thursday, December 19th. Evercore ISI lifted their target price on TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. JMP Securities restated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $63.18.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was 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 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 disclosure for this sale can be found here. 76.48% of the stock is currently owned by corporate 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.