Meketa Capital LLC Invests $1.44 Million in TPG Inc. (NASDAQ:TPG)

Meketa Capital LLC bought a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,840 shares of the company's stock, valued at approximately $1,435,000. TPG comprises about 3.2% of Meketa Capital LLC's investment portfolio, making the stock its 11th largest holding.

Several other institutional investors have also added to or reduced their stakes in TPG. Comerica Bank lifted its position in TPG by 71.4% during the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after acquiring an additional 450 shares during the period. R Squared Ltd bought a new position in TPG during the fourth quarter valued at approximately $97,000. Stifel Financial Corp bought a new position in TPG during the fourth quarter valued at approximately $206,000. Wedmont Private Capital bought a new position in TPG during the fourth quarter valued at approximately $204,000. Finally, Baker Avenue Asset Management LP bought a new position in TPG during the fourth quarter valued at approximately $220,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction on 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 owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 69.98% of the company's stock.

TPG Stock Up 1.2%

TPG stock traded up $0.62 during midday trading on Friday, hitting $51.91. 934,685 shares of the company's stock were exchanged, compared to its average volume of 1,179,909. 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 12 month low of $37.52 and a 12 month high of $72.98. The firm has a 50-day moving average of $47.05 and a two-hundred day moving average of $58.03. The company has a market cap of $19.18 billion, a PE ratio of -117.98, a P/E/G ratio of 0.80 and a beta of 1.58.

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

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Monday, May 19th. TPG's dividend payout ratio is presently -496.97%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TPG shares. Wells Fargo & Company increased their price objective on shares of TPG from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. JMP Securities restated a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Citigroup cut their target price on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Evercore ISI boosted their target price on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group cut their target price 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. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $60.08.

About TPG

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.