Freestone Grove Partners LP Acquires Shares of 261,907 TPG Inc. (NASDAQ:TPG)

Freestone Grove Partners LP bought a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 261,907 shares of the company's stock, valued at approximately $16,458,000. Freestone Grove Partners LP owned about 0.07% of TPG as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TPG. Capital World Investors grew its holdings in shares of TPG by 484.6% during the fourth 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 last quarter. Norges Bank acquired a new position in TPG during the 4th quarter valued at approximately $100,675,000. JPMorgan Chase & Co. increased its position in TPG by 2,515.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock worth $104,296,000 after buying an additional 1,596,254 shares during the period. Price T Rowe Associates Inc. MD increased its position in TPG by 43.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company's stock worth $141,584,000 after buying an additional 683,572 shares during the period. Finally, Barclays PLC lifted its stake in TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company's stock valued at $34,652,000 after buying an additional 597,972 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TPG. Bank of America dropped their price objective on shares of TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, April 4th. The Goldman Sachs Group reduced their price objective on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Citigroup lowered their target price on TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price target on TPG from $66.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen lowered their price target on TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $58.54.

Insider Buying and Selling

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction 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. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 76.48% of the stock is currently owned by company insiders.

TPG Price Performance

Shares of NASDAQ TPG traded down $0.39 during midday trading on Monday, reaching $47.15. The company's stock had a trading volume of 1,073,605 shares, compared to its average volume of 1,139,306. The company has a market cap of $17.42 billion, a price-to-earnings ratio of -107.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a one year low of $37.52 and a one year high of $72.98. 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 company has a 50 day moving average price of $47.31 and a 200 day moving average price of $59.20.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts expect that TPG Inc. will post 2.52 EPS for the current 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. This is a positive change 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 4.50%. TPG's dividend payout ratio (DPR) is -481.82%.

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.