First Trust Advisors LP Acquires 395,491 Shares of TPG Inc. (NASDAQ:TPG)

First Trust Advisors LP lifted its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 86.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 854,002 shares of the company's stock after acquiring an additional 395,491 shares during the period. First Trust Advisors LP owned approximately 0.23% of TPG worth $53,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in TPG in the fourth quarter worth approximately $33,000. R Squared Ltd purchased a new position in shares of TPG in the 4th quarter worth $97,000. Wedmont Private Capital bought a new stake in shares of TPG in the fourth quarter worth $204,000. Shoker Investment Counsel Inc. increased its position in TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after acquiring an additional 366 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in TPG by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,134 shares of the company's stock valued at $260,000 after acquiring an additional 1,345 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

TPG Price Performance

Shares of TPG stock traded down $0.23 on Monday, hitting $46.31. 150,944 shares of the company traded hands, compared to its average volume of 1,130,848. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The stock has a market capitalization of $17.11 billion, a P/E ratio of -105.00, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98. The business has a 50-day simple moving average of $48.34 and a 200 day simple moving average of $59.72.

TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. 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 declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date was Friday, February 21st. This is an increase from TPG's previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a yield of 4.58%. TPG's dividend payout ratio (DPR) is currently -481.82%.

Insiders Place Their Bets

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were 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 $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 76.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. TD Cowen decreased their price target on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company cut their price objective on shares of TPG from $66.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 target price (down from $80.00) on shares of TPG in a report on Monday, April 14th. Finally, Bank of America cut their price target on TPG from $72.00 to $68.00 and set a "buy" rating for the company in a report on Friday, April 4th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.25.

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.