Alberta Investment Management Corp Sells 5,889 Shares of TPG Inc. (NASDAQ:TPG)

Alberta Investment Management Corp lessened its stake in shares of TPG Inc. (NASDAQ:TPG) by 35.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,584 shares of the company’s stock after selling 5,889 shares during the period. Alberta Investment Management Corp’s holdings in TPG were worth $665,000 at the end of the most recent quarter.

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

Insider Activity at TPG

In related 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 completion of the sale, the director now owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of TPG in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their price objective on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company cut their price objective on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, TPG currently has an average rating of “Hold” and a consensus target price of $64.27.

TPG Stock Down 3.2 %

TPG stock opened at $56.63 on Friday. The stock has a market capitalization of $20.67 billion, a P/E ratio of -128.70, a P/E/G ratio of 0.80 and a beta of 1.49. The firm has a 50-day simple moving average of $64.15 and a 200-day simple moving average of $61.49. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG Inc. has a 52 week low of $39.18 and a 52 week high of $72.98.

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

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is currently -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.