327,010 Shares in TPG Inc. (NASDAQ:TPG) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new stake in TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 327,010 shares of the company's stock, valued at approximately $20,549,000. BNP Paribas Financial Markets owned about 0.09% of TPG as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new stake in shares of TPG during the 4th quarter worth about $236,000. Alyeska Investment Group L.P. bought a new stake in shares of TPG during the 4th quarter worth about $13,214,000. AXA S.A. bought a new stake in shares of TPG during the 4th quarter worth about $466,000. Freestone Grove Partners LP bought a new stake in shares of TPG during the 4th quarter worth about $16,458,000. Finally, Comerica Bank raised its position in shares of TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after buying an additional 450 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

TPG Trading Up 5.8%

Shares of TPG stock traded up $2.90 during trading on Monday, hitting $52.50. The stock had a trading volume of 3,531,038 shares, compared to its average volume of 1,167,875. The stock has a 50 day simple moving average of $46.73 and a 200 day simple moving average of $58.40. The company has a market capitalization of $19.40 billion, a PE ratio of -119.32, a P/E/G ratio of 0.80 and a beta of 1.58. 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 Inc. has a 1 year low of $37.52 and a 1 year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $476.26 million during the quarter, compared to analysts' expectations of $459.75 million. TPG had a return on equity of 24.66% and a net margin of 0.67%. The business's revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. On average, research analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, May 19th. TPG's dividend payout ratio (DPR) is currently -496.97%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America dropped their price target on shares of TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Evercore ISI boosted their price target on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group dropped their price target on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Finally, TD Cowen lowered their price objective 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. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $60.08.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm's 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 directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 69.98% of the stock is currently owned by insiders.

About TPG

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.