TPG Inc. (NASDAQ:TPG) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,068 shares of the company's stock after acquiring an additional 5,363 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in TPG were worth $1,450,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TPG. Geode Capital Management LLC increased its holdings 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 worth $83,023,000 after buying an additional 102,663 shares during the last quarter. Gunderson Capital Management Inc. acquired a new stake in shares of TPG during the 4th quarter worth approximately $1,815,000. Highland Capital Management LLC increased its holdings in shares of TPG by 21.2% during the 4th quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock worth $3,222,000 after buying an additional 8,967 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 worth $44,379,000 after buying an additional 31,638 shares during the last quarter. Finally, Cinctive Capital Management LP increased its holdings in shares of TPG by 65.9% during the 3rd quarter. Cinctive Capital Management LP now owns 50,435 shares of the company's stock worth $2,903,000 after buying an additional 20,026 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

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Insider Transactions at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG 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 of the company's stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Corporate insiders own 76.48% of the company's stock.

TPG Stock Down 1.0 %

TPG stock traded down $0.49 during midday trading on Friday, hitting $50.00. The company's stock had a trading volume of 2,591,349 shares, compared to its average volume of 982,103. 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 Inc. has a 52-week low of $39.18 and a 52-week high of $72.98. The firm has a market capitalization of $18.47 billion, a P/E ratio of -113.64, a PEG ratio of 0.80 and a beta of 1.54. The firm has a 50-day simple moving average of $58.69 and a 200-day simple moving average of $61.72.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, beating 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 analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.53 per share. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Friday, February 21st. TPG's payout ratio is -481.82%.

Analyst Ratings Changes

TPG has been the subject of a number of recent analyst reports. JMP Securities restated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Evercore ISI increased their price objective 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. BMO Capital Markets increased their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective on shares of TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, TPG currently has a consensus rating of "Hold" and a consensus price target of $63.18.

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.