20,009 Shares in TPG Inc. (NASDAQ:TPG) Purchased by Scientech Research LLC

Scientech Research LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,009 shares of the company's stock, valued at approximately $1,257,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of TPG by 2,515.8% during the fourth 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. Raymond James Financial Inc. bought a new stake in shares of TPG during the fourth quarter valued at approximately $615,000. Highland Capital Management LLC grew its stake in shares of TPG by 21.2% during the fourth 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 during the last quarter. Lighthouse Investment Partners LLC bought a new position in TPG in the fourth quarter valued at approximately $11,852,000. Finally, Keystone Investors PTE Ltd. bought a new position in TPG in the fourth quarter valued at approximately $12,705,000. Institutional investors own 94.03% of the company's stock.

Analysts Set New Price Targets

TPG has been the topic of a number of recent research reports. Citigroup reduced their price objective on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Bank of America reduced their price objective on shares of TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. The Goldman Sachs Group reduced their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group reduced their price target on shares of TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Evercore ISI lifted their price target on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $60.08.

TPG Stock Down 1.8%

TPG stock traded down $0.93 during midday trading on Tuesday, hitting $49.90. The company's stock had a trading volume of 961,585 shares, compared to its average volume of 1,181,045. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The company's fifty day moving average price is $47.14 and its 200 day moving average price is $57.80. The stock has a market capitalization of $18.44 billion, a P/E ratio of -113.41, a PEG ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a net margin of 0.67% and a return on equity of 24.66%. The business had revenue of $476.26 million during the quarter, compared to analyst estimates of $459.75 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The firm's quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts predict that TPG Inc. will post 2.52 EPS for the current 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 paid a $0.41 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.64 annualized dividend and a yield of 3.29%. TPG's payout ratio is currently -496.97%.

Insider Buying and Selling at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares of the company's stock, valued at $14,553,683.64. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company 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.