Sterling Capital Management LLC Has $260,000 Stock Position in TPG Inc. (NASDAQ:TPG)

Sterling Capital Management LLC boosted its holdings in TPG Inc. (NASDAQ:TPG) by 48.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,134 shares of the company’s stock after buying an additional 1,345 shares during the quarter. Sterling Capital Management LLC’s holdings in TPG were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of TPG by 14,739.3% during the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock worth $34,652,000 after buying an additional 597,972 shares in the last quarter. Franklin Resources Inc. grew 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 acquiring an additional 244,373 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after purchasing an additional 992,818 shares in the last quarter. JPMorgan Chase & Co. raised its position in TPG by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 63,449 shares of the company’s stock valued at $3,652,000 after purchasing an additional 17,709 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of TPG during the fourth quarter worth about $33,000. Institutional investors own 94.03% of the company’s stock.

Insider Buying and Selling at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 76.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of TPG from $72.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company cut their price target 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. Morgan Stanley restated an “equal weight” rating and issued a $47.00 price objective (down from $80.00) on shares of TPG in a report on Monday, April 14th. The Goldman Sachs Group cut their target price on TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Finally, Bank of America decreased their price target on TPG from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, April 4th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.25.

TPG Trading Up 0.0 %

TPG opened at $43.51 on Monday. The company has a fifty day moving average price of $49.86 and a two-hundred day moving average price of $60.25. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The company has a market cap of $16.08 billion, a P/E ratio of -98.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.87%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is presently -481.82%.

About TPG

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.