TPG Inc. (NASDAQ:TPG) Shares Purchased by Swiss National Bank

Swiss National Bank raised its stake in TPG Inc. (NASDAQ:TPG) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,500 shares of the company’s stock after buying an additional 6,900 shares during the period. Swiss National Bank’s holdings in TPG were worth $9,520,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TPG. KBC Group NV increased its holdings 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in TPG by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after buying an additional 31,638 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in TPG by 803.3% in 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 in the last quarter. The Manufacturers Life Insurance Company increased its holdings in 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 buying an additional 3,802 shares in the last quarter. Finally, Partners Group Holding AG increased its stake in shares of TPG by 112.2% during the 3rd quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock worth $19,146,000 after purchasing an additional 175,847 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TPG shares. Evercore ISI raised their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. BMO Capital Markets raised their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company dropped their price objective on shares of TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.18.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares of the company’s stock, 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. Company insiders own 76.48% of the company’s stock.

TPG Stock Down 1.0 %

TPG stock opened at $50.00 on Friday. The stock has a market capitalization of $18.47 billion, a P/E ratio of -113.64, a PEG ratio of 0.80 and a beta of 1.54. 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 Inc. has a one year low of $39.18 and a one year high of $72.98. The company has a 50 day moving average price of $58.69 and a two-hundred day moving average price of $61.72.

TPG (NASDAQ:TPG) last announced its quarterly earnings results 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 net margin of 0.67% and a return on equity of 24.66%. As a group, sell-side analysts expect 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 paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.24%. 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.