Azora Capital LP Purchases Shares of 193,931 TPG Inc. (NASDAQ:TPG)

Azora Capital LP bought a new position in TPG Inc. (NASDAQ:TPG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 193,931 shares of the company's stock, valued at approximately $12,187,000. Azora Capital LP owned approximately 0.05% of TPG at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TPG. Barclays PLC grew its stake in TPG by 14,739.3% in the 3rd quarter. Barclays PLC now owns 602,029 shares of the company's stock worth $34,652,000 after buying an additional 597,972 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock worth $161,921,000 after acquiring an additional 244,373 shares during the last quarter. JPMorgan Chase & Co. grew its position in TPG by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 63,449 shares of the company's stock worth $3,652,000 after acquiring an additional 17,709 shares in the last quarter. ORG Wealth Partners LLC bought a new position in TPG in the fourth quarter valued at $33,000. Finally, Harbor Capital Advisors Inc. raised its position in TPG by 7.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 25,935 shares of the company's stock valued at $1,630,000 after purchasing an additional 1,909 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

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 stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 76.48% of the company's stock.

TPG Trading Down 2.0 %

Shares of NASDAQ TPG traded down $0.96 during midday trading on Tuesday, hitting $46.19. 1,488,844 shares of the company traded hands, compared to its average volume of 1,142,539. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $72.98. The stock has a 50-day moving average price of $46.97 and a 200 day moving average price of $58.97. The firm has a market cap of $17.07 billion, a P/E ratio of -104.98, a P/E/G ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.62 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%. As a group, analysts expect 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. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.59%. TPG's dividend payout ratio (DPR) is currently -481.82%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TPG shares. Morgan Stanley reiterated an "equal weight" rating and issued a $47.00 price objective (down from $80.00) on shares of TPG in a report on Monday, April 14th. Bank of America reduced 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. 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. The Goldman Sachs Group reduced their target price on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, UBS Group lowered their price target on shares of TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TPG has an average rating of "Hold" and an average price target of $58.54.

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.