Aigen Investment Management LP Acquires New Holdings in TPG Inc. (NASDAQ:TPG)

Aigen Investment Management LP acquired a new stake in shares of TPG Inc. (NASDAQ:TPG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,950 shares of the company’s stock, valued at approximately $688,000.

A number of other institutional investors have also recently bought and sold shares of TPG. QRG Capital Management Inc. grew its holdings in TPG by 16.8% during the third quarter. QRG Capital Management Inc. now owns 8,024 shares of the company’s stock valued at $462,000 after purchasing an additional 1,157 shares during the period. Shoker Investment Counsel Inc. bought a new position in TPG in the third quarter valued at approximately $203,000. Covestor Ltd lifted its stake in TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after buying an additional 1,715 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in TPG in the third quarter valued at approximately $2,260,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in TPG in the third quarter valued at approximately $269,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TPG. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price target on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Evercore ISI boosted 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, TPG has an average rating of “Hold” and a consensus price target of $64.27.

TPG Stock Performance

NASDAQ TPG opened at $48.97 on Friday. 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 firm’s fifty day moving average price is $62.37 and its two-hundred day moving average price is $61.88. TPG Inc. has a 1 year low of $39.18 and a 1 year high of $72.98. The firm has a market capitalization of $18.09 billion, a P/E ratio of -111.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.49.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.53 per share. This is a positive change from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, February 21st. TPG’s dividend payout ratio is -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.