Edgestream Partners L.P. Purchases 64,998 Shares of TPG Inc. (NASDAQ:TPG)

Edgestream Partners L.P. lifted its position in TPG Inc. (NASDAQ:TPG) by 1,093.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,941 shares of the company’s stock after buying an additional 64,998 shares during the period. Edgestream Partners L.P.’s holdings in TPG were worth $4,458,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Franklin Resources Inc. increased its position in shares of TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after buying an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of 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 buying an additional 992,818 shares in the last quarter. Geode Capital Management LLC increased its position in shares of TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after buying an additional 102,663 shares in the last quarter. State Street Corp increased its position in shares of TPG by 5.0% in 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. Finally, Charles Schwab Investment Management Inc. increased its position in shares of TPG by 4.3% in the 3rd 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. Institutional investors own 94.03% of the company’s stock.

TPG Trading Up 0.2 %

TPG stock opened at $49.08 on Friday. TPG Inc. has a one year low of $39.18 and a one year high of $72.98. The company has a market cap of $18.13 billion, a price-to-earnings ratio of -111.55, a P/E/G ratio of 0.80 and a beta of 1.54. The firm has a 50-day moving average of $62.05 and a 200-day moving average of $61.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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 expect that TPG Inc. will post 2.52 earnings per share for the current fiscal 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 paid a $0.53 dividend. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Friday, February 21st. TPG’s dividend payout ratio (DPR) is -481.82%.

Analyst Ratings Changes

A number of equities analysts have issued reports on TPG shares. JMP Securities reiterated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. BMO Capital Markets increased their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Wells Fargo & Company lowered their target price on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group increased their target price on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, TPG has a consensus rating of “Hold” and a consensus price target of $64.27.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction that occurred 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 directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 76.48% of the stock is currently owned by company insiders.

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.