Adage Capital Partners GP L.L.C. Purchases New Position in TPG Inc. (NASDAQ:TPG)

Adage Capital Partners GP L.L.C. bought 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 & Exchange Commission. The institutional investor bought 65,000 shares of the company's stock, valued at approximately $4,085,000.

A number of other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in shares of TPG during the fourth quarter valued at approximately $33,000. R Squared Ltd purchased a new stake in shares of TPG in the fourth quarter valued at about $97,000. Stifel Financial Corp bought a new position in shares of TPG during the fourth quarter valued at about $206,000. Wedmont Private Capital purchased a new position in TPG during the fourth quarter worth about $204,000. Finally, Shoker Investment Counsel Inc. grew its position in TPG by 10.4% in the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock worth $244,000 after purchasing an additional 366 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI boosted their target price on TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. 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 research note on Friday, April 4th. Morgan Stanley reissued an "equal weight" rating and issued a $47.00 price target (down from $80.00) on shares of TPG in a report on Monday, April 14th. JMP Securities restated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Finally, The Goldman Sachs Group dropped their target price on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $58.54.

TPG Price Performance

Shares of NASDAQ:TPG traded up $0.87 during trading on Friday, reaching $47.54. The company had a trading volume of 953,308 shares, compared to its average volume of 1,137,909. The company has a fifty day moving average of $47.31 and a two-hundred day moving average of $59.26. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $17.56 billion, a P/E ratio of -108.05, 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 quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Equities research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.46%. TPG's dividend payout ratio (DPR) is -481.82%.

Insider Transactions at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction that occurred 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 completion of the sale, the general counsel now owns 290,841 shares in the company, 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 SEC, which can be accessed through this hyperlink. Company 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.