National Bank of Canada FI Increases Stock Holdings in TPG Inc. (NASDAQ:TPG)

National Bank of Canada FI grew its stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 43.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,384 shares of the company's stock after purchasing an additional 32,266 shares during the period. National Bank of Canada FI's holdings in TPG were worth $4,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TPG. Commonwealth Equity Services LLC raised its holdings in TPG by 7.9% during the third quarter. Commonwealth Equity Services LLC now owns 8,151 shares of the company's stock worth $246,000 after buying an additional 600 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TPG by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 403,048 shares of the company's stock worth $12,140,000 after acquiring an additional 9,027 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in TPG by 27.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,126 shares of the company's stock valued at $365,000 after acquiring an additional 2,636 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in TPG during the 3rd quarter valued at about $30,000. Finally, Victory Capital Management Inc. bought a new stake in TPG during the 3rd quarter worth approximately $7,424,000. Institutional investors own 86.79% of the company's stock.

Insider Activity

In other news, insider Joann Harris sold 1,739 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $72,411.96. Following the transaction, the insider now owns 22,860 shares in the company, valued at $951,890.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Joann Harris sold 1,739 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $72,411.96. Following the completion of the sale, the insider now directly owns 22,860 shares in the company, valued at $951,890.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jon Winkelried sold 1,000,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $41,640,000.00. Following the transaction, the chief executive officer now owns 3,326,460 shares in the company, valued at approximately $138,513,794.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,434,129 shares of company stock valued at $101,357,132. Insiders own 76.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JMP Securities reissued a "market perform" rating on shares of TPG in a research report on Tuesday, April 9th. Morgan Stanley upgraded TPG from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $43.00 to $52.00 in a research note on Friday. Jefferies Financial Group decreased their price target on TPG from $46.00 to $44.00 and set a "hold" rating for the company in a research report on Thursday. TheStreet cut TPG from a "c" rating to a "d" rating in a research report on Monday, March 18th. Finally, UBS Group upped their price objective on TPG from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $41.11.

TPG Price Performance

Shares of NASDAQ TPG traded down $0.43 during mid-day trading on Friday, reaching $42.50. 1,230,705 shares of the company were exchanged, compared to its average volume of 586,024. TPG Inc. has a 52 week low of $24.74 and a 52 week high of $47.20. The company's 50 day moving average price is $44.30 and its 200 day moving average price is $40.69. The stock has a market capitalization of $15.50 billion, a PE ratio of -303.57, a PEG ratio of 0.73 and a beta of 1.60. The company has a quick ratio of 0.16, a current ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.06. TPG had a return on equity of 21.16% and a net margin of 2.74%. The company had revenue of $512.30 million during the quarter, compared to the consensus estimate of $452.87 million. During the same quarter in the previous year, the company posted $0.24 EPS. TPG's quarterly revenue was up 64.5% compared to the same quarter last year. Sell-side analysts forecast that TPG Inc. will post 2.06 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.64 annualized dividend and a dividend yield of 3.86%. TPG's dividend payout ratio is currently -1,171.43%.

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.