Charles Schwab Investment Management Inc. Buys 84,891 Shares of TPG Inc. (NASDAQ:TPG)

Charles Schwab Investment Management Inc. lifted its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 667,208 shares of the company's stock after acquiring an additional 84,891 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of TPG worth $28,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TPG. TimesSquare Capital Management LLC boosted its stake in shares of TPG by 11.6% during the third quarter. TimesSquare Capital Management LLC now owns 2,211,111 shares of the company's stock valued at $66,599,000 after purchasing an additional 229,481 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of TPG by 72.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company's stock valued at $18,988,000 after acquiring an additional 265,706 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of TPG by 3.3% in the third quarter. Vanguard Group Inc. now owns 5,729,509 shares of the company's stock valued at $172,573,000 after purchasing an additional 182,885 shares during the period. Victory Capital Management Inc. grew its stake in TPG by 23.7% in the fourth quarter. Victory Capital Management Inc. now owns 304,803 shares of the company's stock worth $13,158,000 after purchasing an additional 58,328 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in TPG by 13.2% during the 3rd quarter. Invesco Ltd. now owns 498,617 shares of the company's stock worth $15,018,000 after purchasing an additional 58,140 shares during the period. Hedge funds and other institutional investors own 86.79% of the company's stock.

TPG Stock Performance

Shares of NASDAQ TPG traded down $0.21 during mid-day trading on Thursday, hitting $42.87. The stock had a trading volume of 769,601 shares, compared to its average volume of 775,087. The firm has a market cap of $15.63 billion, a PE ratio of -306.19, a PEG ratio of 0.75 and a beta of 1.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The company has a 50 day moving average of $43.94 and a two-hundred day moving average of $41.45. TPG Inc. has a twelve month low of $24.95 and a twelve month high of $47.20.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.49 EPS 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 firm 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 earnings per share. The company's revenue was up 64.5% compared to the same quarter last year. Research analysts predict that TPG Inc. will post 2.02 EPS for the current fiscal year.

TPG Cuts Dividend

The firm 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. This represents a $1.64 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, May 17th. TPG's dividend payout ratio (DPR) is currently -1,171.34%.

Insider Transactions at TPG

In other news, CEO Jon Winkelried sold 1,000,000 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $41,640,000.00. Following the completion of the transaction, the chief executive officer now owns 3,326,460 shares of the company's stock, valued at approximately $138,513,794.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Jon Winkelried sold 1,000,000 shares of TPG stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $41,640,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,326,460 shares of the company's stock, valued at approximately $138,513,794.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kelvin L. Davis sold 822,017 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $34,228,787.88. Following the sale, the director now directly owns 844,584 shares in the company, valued at $35,168,477.76. The disclosure for this sale can be found here. Insiders have sold 2,434,129 shares of company stock worth $101,357,132 over the last 90 days. 76.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TPG shares. The Goldman Sachs Group restated a "buy" rating on shares of TPG in a research note on Monday, April 1st. Citigroup increased their price objective on shares of TPG from $46.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Morgan Stanley raised shares of TPG from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $43.00 to $52.00 in a research note on Friday, May 10th. Jefferies Financial Group cut their price target on TPG from $46.00 to $44.00 and set a "hold" rating on the stock in a report on Thursday, May 9th. Finally, JMP Securities restated a "market perform" rating on shares of TPG in a research note on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, TPG currently has an average rating of "Hold" and a consensus price target of $42.50.

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.