Navellier & Associates Inc. Raises Stock Position in TPG Inc. (NASDAQ:TPG)

Navellier & Associates Inc. increased its stake in TPG Inc. (NASDAQ:TPG) by 31.1% during the 4th quarter, HoldingsChannel reports. The firm owned 10,230 shares of the company’s stock after buying an additional 2,426 shares during the period. Navellier & Associates Inc.’s holdings in TPG were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake 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 worth $161,921,000 after acquiring an additional 244,373 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after acquiring an additional 992,818 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after acquiring an additional 102,663 shares during the last quarter. State Street Corp boosted its stake in shares of TPG by 5.0% during the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company’s stock worth $81,849,000 after acquiring an additional 67,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after acquiring an additional 31,638 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 76.48% of the company’s stock.

TPG Stock Performance

Shares of NASDAQ TPG opened at $56.63 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The company has a market cap of $20.67 billion, a P/E ratio of -128.70, a P/E/G ratio of 0.80 and a beta of 1.49. The firm’s fifty day moving average is $64.15 and its two-hundred day moving average is $61.49. TPG Inc. has a 52-week low of $39.18 and a 52-week high of $72.98.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, 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 will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.53 dividend. The ex-dividend date is Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.74%. TPG’s payout ratio is -481.82%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TPG shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. BMO Capital Markets raised their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. The Goldman Sachs Group raised their price objective on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Evercore ISI raised their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.27.

TPG 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.