TPG Inc. (NASDAQ:TPG) Shares Purchased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. raised its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,720,309 shares of the company's stock after buying an additional 169,105 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.47% of TPG worth $108,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ORG Wealth Partners LLC purchased a new stake in shares of TPG in the fourth quarter valued at about $33,000. R Squared Ltd purchased a new stake in shares of TPG in the 4th quarter valued at approximately $97,000. Wedmont Private Capital acquired a new stake in shares of TPG during the 4th quarter worth approximately $204,000. Stifel Financial Corp purchased a new stake in shares of TPG during the 4th quarter valued at approximately $206,000. Finally, Shoker Investment Counsel Inc. increased its stake in TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock worth $244,000 after acquiring an additional 366 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TPG has been the subject of several research analyst reports. TD Cowen lowered their price target on TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company reduced their price objective on shares of TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. The Goldman Sachs Group decreased their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Evercore ISI boosted their target price on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. Eight 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, TPG presently has a consensus rating of "Hold" and an average price target of $58.25.

TPG Stock Performance

TPG stock traded down $1.21 during trading hours on Wednesday, reaching $45.79. 236,801 shares of the stock were exchanged, compared to its average volume of 1,129,450. The stock has a market cap of $16.92 billion, a P/E ratio of -104.07, a P/E/G ratio of 0.80 and a beta of 1.58. The firm's 50 day moving average is $47.84 and its 200 day moving average is $59.54. 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 52-week low of $37.52 and a 52-week high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. Analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.63%. TPG's payout ratio is currently -481.82%.

Insiders Place Their Bets

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the transaction, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 76.48% of the stock is owned by company insiders.

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.