Shoker Investment Counsel Inc. Purchases 366 Shares of TPG Inc. (NASDAQ:TPG)

Shoker Investment Counsel Inc. increased its position in shares of TPG Inc. (NASDAQ:TPG) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,889 shares of the company’s stock after purchasing an additional 366 shares during the period. Shoker Investment Counsel Inc.’s holdings in TPG were worth $244,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TPG. 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 buying an additional 992,818 shares during the period. Barclays PLC lifted its stake in shares of TPG by 14,739.3% during the 3rd quarter. Barclays PLC now owns 602,029 shares of the company’s stock worth $34,652,000 after acquiring an additional 597,972 shares during the last quarter. Franklin Resources Inc. boosted its holdings in TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after acquiring an additional 244,373 shares during the period. Partners Group Holding AG grew its position in TPG by 112.2% in the 3rd quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock valued at $19,146,000 after acquiring an additional 175,847 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in TPG in the fourth quarter worth $7,423,000. 94.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TPG. TD Cowen lowered their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Evercore ISI raised their target price 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. The Goldman Sachs Group lifted their price target on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.27.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of the company’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 owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 76.48% of the company’s stock.

TPG Price Performance

Shares of TPG stock opened at $54.52 on Friday. The stock’s 50-day moving average is $63.36 and its 200 day moving average is $61.66. TPG Inc. has a 1-year low of $39.18 and a 1-year high of $72.98. 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 company has a market cap of $19.90 billion, a P/E ratio of -123.91, a PEG ratio of 0.80 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating 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%. Research analysts predict that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.53 per share. The ex-dividend date is Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.89%. TPG’s dividend payout ratio is presently -481.82%.

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.