106,654 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Natixis

Natixis acquired a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 106,654 shares of the company's stock, valued at approximately $6,702,000.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in TPG by 2,515.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock worth $104,296,000 after purchasing an additional 1,596,254 shares in the last quarter. Gunderson Capital Management Inc. bought a new position in TPG during the fourth quarter valued at about $1,815,000. Raymond James Financial Inc. bought a new position in shares of TPG during the 4th quarter valued at approximately $615,000. Highland Capital Management LLC raised its stake in shares of TPG by 21.2% in the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after buying an additional 8,967 shares during the period. Finally, Keystone Investors PTE Ltd. bought a new stake in TPG in the 4th quarter valued at about $12,705,000. Institutional investors own 94.03% of the company's stock.

TPG Stock Performance

Shares of NASDAQ TPG traded down $0.17 during trading on Friday, hitting $46.54. The company had a trading volume of 858,209 shares, compared to its average volume of 1,131,532. The stock has a 50 day simple moving average of $48.34 and a 200 day simple moving average of $59.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The firm has a market capitalization of $17.20 billion, a P/E ratio of -105.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping 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, analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.53 dividend. The ex-dividend date was Friday, February 21st. This is an increase from TPG's previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.56%. TPG's payout ratio is -481.82%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TPG shares. Evercore ISI boosted their price objective on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on shares of TPG from $66.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. The Goldman Sachs Group cut their price objective on TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 target price (down from $80.00) on shares of TPG in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $58.25.

Insider Activity

In other news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction 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 directly owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 76.48% of the company's stock.

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.