7,409 Shares in TPG Inc. (NASDAQ:TPG) Bought by Axa S.A.

AXA S.A. purchased a new position in TPG Inc. (NASDAQ:TPG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,409 shares of the company's stock, valued at approximately $466,000.

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

TPG Trading Up 5.8%

TPG stock traded up $2.90 during midday trading on Monday, reaching $52.50. The stock had a trading volume of 3,531,038 shares, compared to its average volume of 1,167,875. The business has a fifty day simple moving average of $46.73 and a two-hundred day simple moving average of $58.40. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of -119.32, a PEG ratio of 0.80 and a beta of 1.58. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98.

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

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Monday, May 19th. TPG's dividend payout ratio is currently -496.97%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TPG. JMP Securities restated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Wells Fargo & Company lifted their price target on shares of TPG from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Thursday. UBS Group reduced their target price on shares of TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley reissued an "equal weight" rating and set a $47.00 target price (down from $80.00) on shares of TPG in a research report on Monday, April 14th. Finally, Citigroup lowered their target price on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. 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 stock currently has an average rating of "Hold" and an average target price of $60.08.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the sale, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 69.98% of the company's stock.

TPG 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.