TPG Inc. (NASDAQ:TPG) Position Lifted by LPL Financial LLC

LPL Financial LLC raised its stake in TPG Inc. (NASDAQ:TPG) by 78.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 60,036 shares of the company’s stock after purchasing an additional 26,370 shares during the period. LPL Financial LLC’s holdings in TPG were worth $3,773,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of TPG in the 4th quarter valued at approximately $980,000. AXQ Capital LP increased its stake in TPG by 69.4% during the fourth quarter. AXQ Capital LP now owns 21,152 shares of the company’s stock valued at $1,329,000 after purchasing an additional 8,669 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of TPG by 11.7% during the fourth quarter. American Century Companies Inc. now owns 1,407,270 shares of the company’s stock worth $88,433,000 after purchasing an additional 147,892 shares during the period. Virtu Financial LLC acquired a new stake in TPG during the fourth quarter worth about $486,000. Finally, Quantbot Technologies LP bought a new position in TPG in the fourth quarter worth about $4,738,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Insider Transactions at TPG

In related 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following 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. Corporate insiders own 76.48% of the company’s stock.

TPG Stock Performance

TPG opened at $43.80 on Friday. The business has a 50 day moving average price of $52.12 and a two-hundred day moving average price of $60.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of -99.55, a price-to-earnings-growth 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.

TPG (NASDAQ:TPG) last announced its quarterly earnings data 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%. Research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm 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 positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.84%. TPG’s dividend payout ratio (DPR) is -481.82%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TPG shares. BMO Capital Markets increased their price target on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lowered their price objective on TPG from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. 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 report on Wednesday, February 12th. Finally, TD Cowen cut their price target on TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.62.

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.