Mariner LLC Raises Position in TPG Inc. (NASDAQ:TPG)

Mariner LLC boosted its position in TPG Inc. (NASDAQ:TPG) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,151 shares of the company’s stock after purchasing an additional 582 shares during the period. Mariner LLC’s holdings in TPG were worth $261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Treasurer of the State of North Carolina increased its holdings in TPG by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock worth $2,322,000 after acquiring an additional 230 shares during the last quarter. Shoker Investment Counsel Inc. increased its stake in shares of TPG by 10.4% in the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after purchasing an additional 366 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of TPG by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after purchasing an additional 498 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of TPG during the 4th quarter valued at approximately $33,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in TPG by 14.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,208 shares of the company’s stock worth $390,000 after buying an additional 768 shares during the period. 94.03% of the stock is owned by institutional investors.

Insider Activity at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 76.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TPG has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on TPG from $66.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen dropped their price objective on TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group reduced their target price on TPG from $70.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Citigroup lowered their price target on shares of TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, JMP Securities restated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $58.54.

TPG Stock Down 0.8 %

TPG opened at $47.15 on Tuesday. TPG Inc. has a 12 month low of $37.52 and a 12 month 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 business’s 50-day moving average price is $47.14 and its 200-day moving average price is $59.06. The company has a market cap of $17.42 billion, a P/E ratio of -107.16, a P/E/G ratio of 0.80 and a beta of 1.58.

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%. On average, equities analysts expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.53 per share. The ex-dividend date was Friday, February 21st. 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 4.50%. TPG’s payout ratio is -481.82%.

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.