TPG Inc. (NASDAQ:TPG) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 74.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 85,219 shares of the company's stock after acquiring an additional 36,442 shares during the period. Wells Fargo & Company MN's holdings in TPG were worth $5,355,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPG. ORG Wealth Partners LLC purchased a new stake in shares of TPG during the 4th quarter worth approximately $33,000. R Squared Ltd purchased a new position in shares of TPG during the fourth quarter worth about $97,000. Wedmont Private Capital acquired a new stake in shares of TPG during the fourth quarter worth about $204,000. Shoker Investment Counsel Inc. lifted its holdings in shares of TPG by 10.4% in the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after purchasing an additional 366 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of TPG by 21.6% in the 4th quarter. Ritholtz Wealth Management now owns 4,695 shares of the company's stock valued at $295,000 after purchasing an additional 833 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

TPG has been the subject of a number of research reports. TD Cowen reduced their price objective on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley reissued an "equal weight" rating and issued a $47.00 target price (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. The Goldman Sachs Group lowered their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their target price on shares of TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America reduced their price objective on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $58.25.

Insider Buying and Selling

In related news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction 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 represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 76.48% of the company's stock.

TPG Trading Up 4.0 %

Shares of TPG stock traded up $1.80 during trading hours on Thursday, reaching $46.32. The stock had a trading volume of 142,153 shares, compared to its average volume of 1,122,704. The firm has a market capitalization of $17.11 billion, a price-to-earnings ratio of -105.52, a P/E/G ratio of 0.80 and a beta of 1.58. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $48.87 and a two-hundred day simple moving average of $59.90.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate 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. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio (DPR) is -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.