Jump Financial LLC Takes Position in TPG Inc. (NASDAQ:TPG)

Jump Financial LLC acquired a new position in TPG Inc. (NASDAQ:TPG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,061 shares of the company's stock, valued at approximately $946,000.

Several other large investors have also bought and sold shares of TPG. ORG Wealth Partners LLC purchased a new stake in TPG in the fourth quarter worth about $33,000. R Squared Ltd purchased a new stake in shares of TPG in the 4th quarter worth approximately $97,000. Wedmont Private Capital bought a new position in TPG during the 4th quarter valued at approximately $204,000. Shoker Investment Counsel Inc. raised its stake in TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after buying an additional 366 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of TPG by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,134 shares of the company's stock worth $260,000 after acquiring an additional 1,345 shares during the last quarter. 94.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is owned by company insiders.

TPG Price 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 1,134,717. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of -105.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The stock has a fifty day simple moving average of $48.34 and a two-hundred day simple moving average of $59.72. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.56%. This is a positive change from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio is currently -481.82%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TPG. TD Cowen dropped their price target on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley reiterated an "equal weight" rating and set a $47.00 price target (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. Evercore ISI boosted their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Finally, Bank of America reduced their price objective on TPG from $72.00 to $68.00 and set a "buy" rating for the company in a report on Friday, April 4th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $58.25.

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.