Empowered Funds LLC Purchases Shares of 95,363 TPG Inc. (NASDAQ:TPG)

Empowered Funds LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 95,363 shares of the company’s stock, valued at approximately $5,993,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in TPG in the 4th quarter valued at about $33,000. Signaturefd LLC boosted its stake in shares of TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares during the period. R Squared Ltd bought a new stake in shares of TPG in the fourth quarter valued at approximately $97,000. Covestor Ltd grew its position in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after buying an additional 1,715 shares in the last quarter. Finally, KBC Group NV increased its stake in TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TPG shares. BMO Capital Markets upped their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Evercore ISI increased their price objective on shares of TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. The Goldman Sachs Group boosted their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company reduced their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.00.

TPG Price Performance

Shares of TPG opened at $62.38 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a market cap of $22.77 billion, a PE ratio of -183.47, a PEG ratio of 0.88 and a beta of 1.49. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98. The business has a 50-day simple moving average of $65.85 and a two-hundred day simple moving average of $60.84.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction 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 transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 76.48% of the company’s stock.

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.