American Century Companies Inc. Grows Stock Holdings in TPG Inc. (NASDAQ:TPG)

American Century Companies Inc. lifted its stake in shares of TPG Inc. (NASDAQ:TPG) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,407,270 shares of the company’s stock after buying an additional 147,892 shares during the quarter. American Century Companies Inc.’s holdings in TPG were worth $88,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TPG. Swiss National Bank increased its holdings in TPG by 5.9% during the 3rd quarter. Swiss National Bank now owns 144,600 shares of the company’s stock worth $8,323,000 after purchasing an additional 8,100 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 31,638 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of TPG by 803.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 10,677 shares of the company’s stock valued at $615,000 after buying an additional 9,495 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of TPG by 19.2% in the third quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company’s stock valued at $1,357,000 after acquiring an additional 3,802 shares in the last quarter. Finally, Partners Group Holding AG lifted its stake in TPG by 112.2% in the third quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock worth $19,146,000 after acquiring an additional 175,847 shares during the period. Institutional investors own 94.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Evercore ISI raised their target price 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. Wells Fargo & Company dropped their target price on TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Keefe, Bruyette & Woods lifted their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. BMO Capital Markets raised 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. Finally, JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.18.

Insider Buying and Selling

In other news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred 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 owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This 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 owned by corporate insiders.

TPG Trading Up 4.5 %

Shares of TPG stock opened at $52.24 on Tuesday. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98. The firm’s 50 day simple moving average is $58.50 and its two-hundred day simple moving average is $61.92. 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 has a market capitalization of $19.30 billion, a price-to-earnings ratio of -118.73, a PEG ratio of 0.80 and a beta of 1.54.

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

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.06%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is currently -481.82%.

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.