Russell Investments Group Ltd. Increases Holdings in TPG Inc. (NASDAQ:TPG)

Russell Investments Group Ltd. boosted its position in shares of TPG Inc. (NASDAQ:TPG) by 22.8% during the 4th quarter, HoldingsChannel reports. The firm owned 156,893 shares of the company’s stock after buying an additional 29,141 shares during the period. Russell Investments Group Ltd.’s holdings in TPG were worth $6,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Truist Financial Corp purchased a new position in shares of TPG during the fourth quarter valued at $203,000. Harvest Fund Management Co. Ltd bought a new stake in shares of TPG in the 4th quarter valued at about $51,000. Signaturefd LLC lifted its position in shares of TPG by 327.6% in the 4th quarter. Signaturefd LLC now owns 945 shares of the company’s stock worth $41,000 after purchasing an additional 724 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TPG by 4.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,714 shares of the company’s stock valued at $549,000 after purchasing an additional 588 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in TPG during the fourth quarter valued at approximately $438,000. 86.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on TPG shares. Keefe, Bruyette & Woods increased their target price on TPG from $42.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. BMO Capital Markets reiterated a “market perform” rating and issued a $42.00 target price (up from $36.00) on shares of TPG in a report on Wednesday, February 14th. Wells Fargo & Company raised their price target on shares of TPG from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Morgan Stanley boosted their price objective on shares of TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, TheStreet lowered shares of TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.96.

Insider Activity

In related news, CAO Martin Davidson sold 39,317 shares of TPG stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now directly owns 30,991 shares in the company, valued at $1,290,465.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Anilu Vazquez-Ubarri sold 101,937 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $4,244,656.68. Following the sale, the chief operating officer now directly owns 333,711 shares in the company, valued at approximately $13,895,726.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Martin Davidson sold 39,317 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now directly owns 30,991 shares of the company’s stock, valued at approximately $1,290,465.24. The disclosure for this sale can be found here. Insiders sold a total of 2,434,129 shares of company stock valued at $101,357,132 in the last quarter. 78.72% of the stock is currently owned by company insiders.

TPG Stock Performance

Shares of TPG stock opened at $43.52 on Thursday. The business has a fifty day moving average of $44.37 and a 200 day moving average of $40.38. TPG Inc. has a 1 year low of $24.74 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of -1,088.00, a price-to-earnings-growth ratio of 0.75 and a beta of 1.60.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. TPG had a return on equity of 18.69% and a net margin of 3.35%. The business had revenue of $529.90 million for the quarter, compared to analyst estimates of $395.30 million. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s revenue was up 51.3% on a year-over-year basis. As a group, research analysts expect that TPG Inc. will post 2.09 earnings per share for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.04%. TPG’s payout ratio is currently -4,400.00%.

TPG Company 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.