Highland Capital Management LLC Purchases 8,967 Shares of TPG Inc. (NASDAQ:TPG)

Highland Capital Management LLC increased its position in TPG Inc. (NASDAQ:TPG) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,267 shares of the company’s stock after purchasing an additional 8,967 shares during the quarter. Highland Capital Management LLC’s holdings in TPG were worth $3,222,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in TPG during the fourth quarter worth approximately $33,000. Signaturefd LLC increased its stake in shares of TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares during the period. R Squared Ltd acquired a new stake in TPG during the 4th quarter worth approximately $97,000. Covestor Ltd boosted its stake in TPG by 1,128.3% in the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after purchasing an additional 1,715 shares during the period. Finally, KBC Group NV grew its holdings in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TPG. TD Cowen reduced their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report 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 report on Monday, November 11th. The Goldman Sachs Group raised their target price on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company cut their price target on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, BMO Capital Markets lifted their price objective on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, TPG has a consensus rating of “Hold” and a consensus price target of $63.00.

TPG Stock Performance

TPG stock opened at $67.05 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98. The business’s 50-day moving average price is $66.69 and its two-hundred day moving average price is $59.85.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million during the quarter, compared to analysts’ expectations of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period in the prior year, the company earned $0.56 EPS. On average, sell-side analysts predict that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, November 14th. TPG’s dividend payout ratio (DPR) is -447.05%.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now directly owns 15,841 shares of the company’s stock, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.