Northern Trust Corp Purchases 21,737 Shares of TPG Inc. (NASDAQ:TPG)

Northern Trust Corp lifted its position in TPG Inc. (NASDAQ:TPG - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 534,487 shares of the company's stock after purchasing an additional 21,737 shares during the quarter. Northern Trust Corp owned 0.15% of TPG worth $33,587,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPG. JPMorgan Chase & Co. raised its holdings in shares of TPG by 2,515.8% in the 4th 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 in the last quarter. Gunderson Capital Management Inc. acquired a new position in TPG during the fourth quarter worth $1,815,000. Raymond James Financial Inc. acquired a new stake in shares of TPG in the 4th quarter valued at $615,000. Highland Capital Management LLC boosted its stake in shares of TPG by 21.2% in the 4th quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after purchasing an additional 8,967 shares in the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new stake in shares of TPG during the 4th quarter worth about $12,705,000. 94.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of TPG from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI lifted their price objective on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Morgan Stanley restated 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. Bank of America cut their price target on TPG from $72.00 to $68.00 and set a "buy" rating for the company in a report on Friday, April 4th. Finally, Citigroup decreased their price objective on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.08.

TPG Stock Performance

Shares of TPG stock opened at $49.53 on Friday. The firm has a fifty day moving average of $46.70 and a two-hundred day moving average of $58.58. 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 stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of -112.57, a PEG ratio of 0.80 and a beta of 1.58. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98.

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

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Monday, May 19th. TPG's payout ratio is -496.97%.

Insider Activity at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 69.98% of the company's stock.

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.

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