27,072 Shares in TPG Inc. (NASDAQ:TPG) Purchased by Marshall Wace LLP

Marshall Wace LLP bought a new stake in TPG Inc. (NASDAQ:TPG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 27,072 shares of the company's stock, valued at approximately $1,701,000.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TPG shares. Citigroup decreased their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley reaffirmed an "equal weight" rating and set a $47.00 target price (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. Wells Fargo & Company reduced their target price 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. UBS Group cut their target price on TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TPG currently has a consensus rating of "Hold" and an average price target of $58.54.

TPG Stock Up 1.9 %

Shares of TPG stock traded up $0.87 during trading on Friday, hitting $47.54. The company's stock had a trading volume of 953,308 shares, compared to its average volume of 1,135,246. 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 company has a fifty day simple moving average of $47.45 and a two-hundred day simple moving average of $59.35. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98. The company has a market capitalization of $17.56 billion, a PE ratio of -108.05, a P/E/G ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. Equities research analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.53 per share. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.46%. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio is currently -481.82%.

Insider Activity at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 76.48% of the stock is owned by insiders.

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.