TPG Inc. (NASDAQ:TPG) Shares Purchased by Xponance Inc.

Xponance Inc. grew its stake in shares of TPG Inc. (NASDAQ:TPG) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,886 shares of the company’s stock after acquiring an additional 1,051 shares during the quarter. Xponance Inc.’s holdings in TPG were worth $370,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of TPG by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after buying an additional 31,638 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of TPG by 803.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 10,677 shares of the company’s stock worth $615,000 after purchasing an additional 9,495 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of TPG by 19.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company’s stock valued at $1,357,000 after purchasing an additional 3,802 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TPG by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock worth $1,019,000 after purchasing an additional 965 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of TPG by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,991 shares of the company’s stock valued at $18,591,000 after acquiring an additional 8,615 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

TPG Stock Performance

Shares of TPG stock opened at $51.33 on Thursday. The firm has a market cap of $18.96 billion, a PE ratio of -116.66, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. TPG Inc. has a 1 year low of $39.18 and a 1 year high of $72.98. The firm’s 50-day simple moving average is $58.00 and its 200-day simple moving average is $61.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, February 11th. The company reported $0.62 EPS 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%. Equities analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid 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 was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.13%. TPG’s payout ratio is presently -481.82%.

Insiders Place Their Bets

In related news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction 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 completion of the transaction, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of the firm’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 completion of the sale, the director now 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 disclosure for this sale can be found here. 76.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TPG has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. JMP Securities reiterated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. BMO Capital Markets lifted their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, 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 report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.18.

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.