Capital International Investors Has $159.66 Million Position in TPG Inc. (NASDAQ:TPG)

Capital International Investors lowered its position in shares of TPG Inc. (NASDAQ:TPG) by 0.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,540,802 shares of the company’s stock after selling 542 shares during the quarter. Capital International Investors’ holdings in TPG were worth $159,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its position in shares of TPG by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock worth $2,322,000 after purchasing an additional 230 shares during the period. Shoker Investment Counsel Inc. grew its position in TPG by 10.4% in the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock valued at $244,000 after acquiring an additional 366 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of TPG by 6.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after purchasing an additional 498 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of TPG during the fourth quarter worth $33,000. Finally, Mariner LLC increased its holdings in TPG by 16.3% in the 4th quarter. Mariner LLC now owns 4,151 shares of the company’s stock worth $261,000 after purchasing an additional 582 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

Insider Activity at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 76.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TPG has been the subject of several analyst reports. Citigroup dropped their price target on shares of TPG from $72.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. TD Cowen cut their price target on shares of TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Bank of America lowered their price objective on TPG from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Morgan Stanley restated an “equal weight” rating and set a $47.00 target price (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. Finally, Evercore ISI boosted their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TPG currently has an average rating of “Hold” and a consensus price target of $58.25.

TPG Stock Up 0.0 %

Shares of NASDAQ TPG opened at $43.51 on Friday. 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 50-day moving average price of $49.86 and a 200-day moving average price of $60.24. The stock has a market capitalization of $16.08 billion, a P/E ratio of -98.89, a P/E/G ratio of 0.80 and a beta of 1.58. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98.

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

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.