FJ Capital Management LLC Makes New $656,000 Investment in TPG Inc. (NASDAQ:TPG)

FJ Capital Management LLC bought a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 10,435 shares of the company's stock, valued at approximately $656,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPG. Capital World Investors lifted its stake in shares of TPG by 484.6% in the 4th quarter. Capital World Investors now owns 3,065,321 shares of the company's stock valued at $192,625,000 after purchasing an additional 2,541,013 shares during the period. Norges Bank acquired a new position in shares of TPG in the 4th quarter valued at about $100,675,000. JPMorgan Chase & Co. lifted its stake in shares of TPG by 2,515.8% in the 4th 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. Price T Rowe Associates Inc. MD lifted its stake in shares of TPG by 43.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company's stock valued at $141,584,000 after purchasing an additional 683,572 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of TPG by 179.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 941,823 shares of the company's stock valued at $59,184,000 after purchasing an additional 604,434 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Performance

Shares of TPG stock traded up $0.77 during mid-day trading on Friday, reaching $49.53. 2,921,754 shares of the company's stock traded hands, compared to its average volume of 1,158,384. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98. The firm has a 50 day moving average price of $46.70 and a two-hundred day moving average price of $58.51. 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 firm has a market capitalization of $18.30 billion, a PE ratio of -112.57, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58.

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

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.31%. The ex-dividend date is Monday, May 19th. TPG's payout ratio is currently -496.97%.

Insiders Place Their Bets

In related news, General Counsel Bradford Berenson sold 2,509 shares of the 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 sale, the general counsel now directly owns 290,841 shares of the company's stock, valued at $14,553,683.64. This represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 69.98% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group dropped their price target on TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company upped their price target on TPG from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Thursday. Citigroup dropped their price target on TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America dropped their price target on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $60.08.

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.