Schonfeld Strategic Advisors LLC Increases Stock Position in TPG Inc. (NASDAQ:TPG)

Schonfeld Strategic Advisors LLC raised its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 351.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,520 shares of the company's stock after purchasing an additional 93,022 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in TPG were worth $7,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors increased its stake in TPG by 484.6% in the 4th quarter. Capital World Investors now owns 3,065,321 shares of the company's stock valued at $192,625,000 after purchasing an additional 2,541,013 shares in the last quarter. Norges Bank purchased a new position in shares of TPG in the fourth quarter valued at $100,675,000. JPMorgan Chase & Co. raised its stake in shares of TPG by 2,515.8% during 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 during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of TPG by 43.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company's stock worth $141,584,000 after buying an additional 683,572 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of TPG by 14,739.3% in the 3rd quarter. Barclays PLC now owns 602,029 shares of the company's stock worth $34,652,000 after buying an additional 597,972 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TPG shares. Bank of America cut their target price on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, April 4th. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. UBS Group dropped their price target on TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday. The Goldman Sachs Group cut their price target on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company decreased their price objective on TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $58.54.

TPG Trading Down 0.8 %

TPG stock traded down $0.39 on Monday, hitting $47.15. 1,073,605 shares of the company were exchanged, compared to its average volume of 1,139,306. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The stock has a market capitalization of $17.42 billion, a price-to-earnings ratio of -107.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The business's fifty day moving average is $47.31 and its two-hundred day moving average is $59.20.

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

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. This is a positive change from TPG's previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Friday, February 21st. TPG's payout ratio is currently -481.82%.

Insider Transactions at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares of the company's stock, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 76.48% of the company's stock.

TPG 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.