AXQ Capital LP Has $1.33 Million Stake in TPG Inc. (NASDAQ:TPG)

AXQ Capital LP grew its stake in TPG Inc. (NASDAQ:TPG) by 69.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,152 shares of the company’s stock after purchasing an additional 8,669 shares during the period. TPG comprises about 0.6% of AXQ Capital LP’s investment portfolio, making the stock its 27th biggest position. AXQ Capital LP’s holdings in TPG were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after acquiring an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after purchasing an additional 992,818 shares during the last quarter. Geode Capital Management LLC lifted its holdings in TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after purchasing an additional 102,663 shares during the last quarter. State Street Corp lifted its holdings in TPG by 5.0% during the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company’s stock valued at $81,849,000 after purchasing an additional 67,597 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in TPG by 11.7% during the 4th quarter. American Century Companies Inc. now owns 1,407,270 shares of the company’s stock valued at $88,433,000 after purchasing an additional 147,892 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Down 1.0 %

TPG stock opened at $50.00 on Friday. The stock has a market capitalization of $18.47 billion, a PE ratio of -113.64, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $58.69 and a 200-day moving average of $61.72.

TPG (NASDAQ:TPG) last released its quarterly earnings results 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 net margin of 0.67% and a return on equity of 24.66%. On average, equities research analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.53 per share. This is a boost from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.24%. TPG’s dividend payout ratio is presently -481.82%.

Insider Buying and Selling

In related news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TPG shares. BMO Capital Markets lifted their price target on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Evercore ISI boosted their target price on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price target on shares of TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.18.

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.