Highland Capital Management LLC Purchases 1,246 Shares of TPG Inc. (NASDAQ:TPG)

Highland Capital Management LLC boosted its stake in shares of TPG Inc. (NASDAQ:TPG) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,372 shares of the company’s stock after purchasing an additional 1,246 shares during the period. Highland Capital Management LLC’s holdings in TPG were worth $6,535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Raymond James & Associates purchased a new position in shares of TPG in the fourth quarter valued at about $216,000. SG Americas Securities LLC bought a new position in shares of TPG during the fourth quarter valued at approximately $164,000. Renaissance Capital LLC grew its stake in shares of TPG by 26.7% during the fourth quarter. Renaissance Capital LLC now owns 40,978 shares of the company’s stock valued at $1,769,000 after buying an additional 8,638 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in TPG by 1.3% in the third quarter. Public Employees Retirement System of Ohio now owns 30,073 shares of the company’s stock worth $906,000 after purchasing an additional 384 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in TPG by 3.3% in the third quarter. Vanguard Group Inc. now owns 5,729,509 shares of the company’s stock worth $172,573,000 after purchasing an additional 182,885 shares in the last quarter. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TPG. BMO Capital Markets reissued a “market perform” rating and issued a $42.00 price objective (up previously from $36.00) on shares of TPG in a research note on Wednesday, February 14th. The Goldman Sachs Group restated a “buy” rating and set a $43.00 target price on shares of TPG in a report on Thursday, November 30th. Wells Fargo & Company upped their target price on TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. TD Cowen began coverage on TPG in a report on Thursday, January 4th. They set a “market perform” rating and a $38.00 target price for the company. Finally, TheStreet lowered TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.04.

Insider Activity

In other news, insider Joann Harris sold 1,739 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $72,411.96. Following the sale, the insider now directly owns 22,860 shares in the company, valued at approximately $951,890.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Todd Benjamin Sisitsky sold 52,807 shares of TPG stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $2,198,883.48. Following the sale, the president now directly owns 396,982 shares in the company, valued at approximately $16,530,330.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joann Harris sold 1,739 shares of TPG stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $72,411.96. Following the completion of the sale, the insider now owns 22,860 shares in the company, valued at $951,890.40. The disclosure for this sale can be found here. Insiders have sold 2,434,129 shares of company stock worth $101,357,132 in the last ninety days. Company insiders own 78.72% of the company’s stock.

TPG Price Performance

Shares of TPG opened at $44.98 on Thursday. The business’s 50-day moving average is $43.53 and its two-hundred day moving average is $37.47. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28. TPG Inc. has a fifty-two week low of $24.74 and a fifty-two week high of $47.20.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. The company had revenue of $529.90 million for the quarter, compared to the consensus estimate of $395.30 million. TPG had a return on equity of 18.69% and a net margin of 3.35%. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. On average, sell-side analysts forecast that TPG Inc. will post 2.13 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Thursday, February 22nd. TPG’s dividend payout ratio (DPR) is presently -4,398.90%.

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.