Capital World Investors Acquires 2,541,013 Shares of TPG Inc. (NASDAQ:TPG)

Capital World Investors lifted its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 484.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,065,321 shares of the company's stock after purchasing an additional 2,541,013 shares during the quarter. Capital World Investors owned 0.84% of TPG worth $192,625,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TPG. Barclays PLC raised its holdings in TPG by 14,739.3% during the third quarter. Barclays PLC now owns 602,029 shares of the company's stock worth $34,652,000 after purchasing an additional 597,972 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock worth $161,921,000 after buying an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock worth $96,166,000 after buying an additional 992,818 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TPG by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 63,449 shares of the company's stock valued at $3,652,000 after buying an additional 17,709 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in TPG during the fourth quarter valued at about $33,000. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Down 0.4 %

NASDAQ:TPG traded down $0.17 during trading hours on Friday, hitting $46.54. 858,209 shares of the company's stock traded hands, compared to its average volume of 1,131,532. The stock's fifty day moving average price is $48.34 and its two-hundred day moving average price is $59.72. The firm has a market cap of $17.20 billion, a P/E ratio of -105.77, a P/E/G ratio of 0.80 and a beta of 1.58. 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 twelve month low of $37.52 and a twelve month high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share 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 fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.53 dividend. 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 yield of 4.56%. TPG's dividend payout ratio is presently -481.82%.

Wall Street Analysts Forecast Growth

TPG has been the subject of a number of research analyst reports. Bank of America cut their price target on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a report on Friday, April 4th. Evercore ISI raised their target price 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 report on Thursday, February 13th. Citigroup reduced their price objective on TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, TD Cowen cut their target price on TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TPG currently has an average rating of "Hold" and a consensus price target of $58.25.

Insider Buying and Selling at TPG

In related 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 of the company's stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.