1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC purchased a new position in TPG Inc. ( NASDAQ:TPG – Free Report ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,138 shares of the company’s stock, valued at approximately $386,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in TPG during the 4th quarter valued at approximately $100,675,000. JPMorgan Chase & Co.
lifted its stake 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 valued at $104,296,000 after purchasing an additional 1,596,254 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of TPG by 146.
5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after purchasing an additional 992,818 shares in the last quarter.
Barclays PLC grew its stake in TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock worth $34,652,000 after purchasing an additional 597,972 shares during the period.
Finally, Burkehill Global Management LP bought a new position in TPG in the fourth quarter worth $31,420,000. Institutional investors own 94.03% of the company’s stock.
TPG Price Performance Shares of NASDAQ TPG opened at $39.68 on Wednesday. TPG Inc.
has a 52 week low of $37.52 and a 52 week high of $72.98.
The business’s 50 day moving average price is $53.40 and its 200 day moving average price is $61.13.
The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.
36. The firm has a market cap of $14.66 billion, a P/E ratio of -90.
18, a P/E/G ratio of 0.80 and a beta of 1.58.
TPG Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.53 per share.
This represents a $2.12 annualized dividend and a dividend yield of 5.34%.
This is an increase from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st.
TPG’s dividend payout ratio is presently -481.82%. Analysts Set New Price Targets TPG has been the subject of several recent research reports.
The Goldman Sachs Group lowered their target price on shares of TPG from $70.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 3rd.
Citigroup lowered their price objective on TPG from $72.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday.
Wells Fargo & Company cut their target price on TPG from $66.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday.
JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of TPG from $62.00 to $70.
00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.85. View Our Latest Analysis on TPG Insider Activity In related news, Director Deborah M.
Messemer sold 1,695 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.
45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31.
The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website .
Also, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here .
Insiders own 76.48% of the company’s stock. About TPG ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding TPG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for TPG Inc. ( NASDAQ:TPG – Free Report ). Receive News & Ratings for TPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG and related companies with MarketBeat.
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