Trivest Advisors Ltd Takes Position in TPG Inc. (NASDAQ:TPG)

Trivest Advisors Ltd acquired a new position in shares of TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 89,600 shares of the company’s stock, valued at approximately $5,630,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC bought a new stake in shares of TPG in the 4th quarter valued at about $33,000. R Squared Ltd acquired a new stake in shares of TPG during the fourth quarter worth $97,000. KBC Group NV boosted its position in TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares during the last quarter. Quarry LP raised its holdings in shares of TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after purchasing an additional 1,846 shares during the last quarter. Finally, Wedmont Private Capital acquired a new position in shares of TPG in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG 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 completion of the transaction, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Keefe, Bruyette & Woods upped their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets boosted their price target 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 raised their target price on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.27.

TPG Stock Down 0.6 %

Shares of TPG stock opened at $49.20 on Wednesday. TPG Inc. has a 12 month low of $39.18 and a 12 month high of $72.98. The firm has a market cap of $18.18 billion, a PE ratio of -111.82, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The stock has a 50 day moving average of $59.53 and a 200-day moving average of $61.88. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

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

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is -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.