Partners Group Holding AG Buys 12,627 Shares of TPG Inc. (NASDAQ:TPG)

Partners Group Holding AG lifted its stake in shares of TPG Inc. (NASDAQ:TPG) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 345,254 shares of the company’s stock after purchasing an additional 12,627 shares during the quarter. TPG accounts for 0.8% of Partners Group Holding AG’s holdings, making the stock its 28th biggest holding. Partners Group Holding AG owned approximately 0.09% of TPG worth $21,696,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in TPG. Vanguard Group Inc. increased its stake in TPG by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company’s stock valued at $519,438,000 after buying an additional 162,107 shares during the last quarter. Franklin Resources Inc. increased its position in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after purchasing an additional 244,373 shares during the last quarter. Lord Abbett & CO. LLC raised its position in TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after purchasing an additional 992,818 shares during the period. Geode Capital Management LLC grew its position in TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after acquiring an additional 102,663 shares during the last quarter. Finally, State Street Corp boosted its position in TPG by 5.0% during the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company’s stock valued at $81,849,000 after buying an additional 67,597 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Performance

TPG stock opened at $50.00 on Friday. The stock has a 50 day moving average of $58.69 and a 200-day moving average of $61.81. TPG Inc. has a 52 week low of $39.18 and a 52 week high of $72.98. The stock has a market cap of $18.47 billion, a P/E ratio of -113.64, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, February 11th. The company reported $0.62 EPS 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%. On average, analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.53 per share. This is a positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.24%. TPG’s payout ratio is currently -481.82%.

Analyst Upgrades and Downgrades

TPG has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. BMO Capital Markets increased their target price on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Evercore ISI raised their price objective on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.18.

Insider Buying and Selling

In other news, General Counsel Bradford Berenson sold 2,509 shares of the business’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 sale, the general counsel now owns 290,841 shares of the company’s stock, valued at $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the 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 transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is owned by company 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.