106,654 Shares in TPG Inc. (NASDAQ:TPG) Purchased by Natixis

Natixis acquired a new position in shares of TPG Inc. (NASDAQ:TPG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 106,654 shares of the company’s stock, valued at approximately $6,702,000.

Several other hedge funds have also recently bought and sold shares of TPG. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 1,596,254 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in TPG during the fourth quarter worth $1,815,000. Raymond James Financial Inc. acquired a new stake in shares of TPG in the 4th quarter valued at $615,000. Highland Capital Management LLC increased its stake in shares of TPG by 21.2% in the 4th quarter. Highland Capital Management LLC now owns 51,267 shares of the company’s stock valued at $3,222,000 after purchasing an additional 8,967 shares during the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new position in shares of TPG during the 4th quarter worth $12,705,000. 94.03% of the stock is owned by institutional investors.

TPG Stock Up 0.0 %

Shares of TPG stock opened at $43.51 on Monday. The stock’s 50-day moving average is $49.86 and its 200 day moving average is $60.25. TPG Inc. has a one year low of $37.52 and a one year high of $72.98. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of -98.89, a PEG ratio of 0.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. Equities research analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently declared 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 was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.87%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is -481.82%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TPG. Bank of America reduced their price objective on TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. The Goldman Sachs Group decreased their price target on shares of TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. JMP Securities reiterated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Morgan Stanley restated an “equal weight” rating and issued a $47.00 target price (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their price target on TPG from $66.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $58.25.

Insider Activity at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 76.48% of the stock is currently owned by 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.