TPG Inc. (NASDAQ:TPG) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in shares of TPG Inc. (NASDAQ:TPG) by 228.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,381 shares of the company’s stock after buying an additional 10,692 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in TPG were worth $967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new position in TPG during the 4th quarter worth $100,675,000. JPMorgan Chase & Co. lifted its holdings in TPG by 2,515.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock worth $104,296,000 after purchasing an additional 1,596,254 shares during the period. Lord Abbett & CO. LLC grew 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 valued at $96,166,000 after buying an additional 992,818 shares in the last quarter. Barclays PLC increased its stake in TPG by 14,739.3% during the 3rd quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after buying an additional 597,972 shares during the period. Finally, Burkehill Global Management LP bought a new stake in shares of TPG during the 4th quarter worth about $31,420,000. 94.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by corporate insiders.

TPG Stock Up 4.0 %

Shares of TPG stock opened at $49.62 on Thursday. The stock has a 50-day simple moving average of $56.11 and a 200-day simple moving average of $61.73. TPG Inc. has a 52-week low of $39.18 and a 52-week high of $72.98. The firm has a market cap of $18.33 billion, a price-to-earnings ratio of -112.77, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share 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 expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a dividend of $0.53 per share. This is an increase 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 annualized dividend and a yield of 4.27%. TPG’s dividend payout ratio is presently -481.82%.

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.