FIL Ltd Reduces Stock Position in TPG Inc. (NASDAQ:TPG)

FIL Ltd trimmed its holdings in TPG Inc. (NASDAQ:TPG) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 87,396 shares of the company’s stock after selling 669 shares during the quarter. FIL Ltd’s holdings in TPG were worth $5,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew 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 buying an additional 67,597 shares in the last quarter. Barclays PLC grew its stake in TPG by 14,739.3% during the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after acquiring an additional 597,972 shares in the last quarter. Geode Capital Management LLC increased 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 worth $83,023,000 after acquiring an additional 102,663 shares during the period. Franklin Resources Inc. lifted its stake in TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after purchasing an additional 244,373 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in TPG by 146.5% in 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 period. Institutional investors own 94.03% of the company’s stock.

Insider Buying and Selling at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the company’s 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 completion of the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

TPG has been the topic of several research analyst reports. Bank of America decreased their price target on shares of TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Evercore ISI lifted their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. BMO Capital Markets raised their target price 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, Wells Fargo & Company decreased their price target on shares of TPG from $66.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.42.

TPG Trading Up 1.8 %

NASDAQ TPG opened at $44.59 on Friday. The firm has a market cap of $16.47 billion, a PE ratio of -101.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The stock has a 50-day moving average of $51.73 and a 200-day moving average of $60.73. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Friday, February 21st. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is -481.82%.

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.