TPG Inc. (NASDAQ:TPG) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in shares of TPG Inc. (NASDAQ:TPG) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,229,502 shares of the company’s stock after selling 426,691 shares during the quarter. Franklin Resources Inc. owned approximately 0.61% of TPG worth $140,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TPG. The Manufacturers Life Insurance Company boosted its holdings in shares of TPG by 19.2% in the third quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company’s stock valued at $1,357,000 after acquiring an additional 3,802 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TPG by 5.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock valued at $1,019,000 after purchasing an additional 965 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in TPG by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,991 shares of the company’s stock worth $18,591,000 after purchasing an additional 8,615 shares during the period. Edgestream Partners L.P. purchased a new position in TPG during the 3rd quarter worth $342,000. Finally, Quarry LP increased its stake in TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Price Performance

Shares of NASDAQ TPG opened at $49.62 on Thursday. The company’s fifty day moving average is $56.11 and its two-hundred day moving average is $61.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The firm has a market capitalization of $18.33 billion, a P/E ratio of -112.77, a PEG ratio of 0.80 and a beta of 1.54. TPG Inc. has a one year low of $39.18 and a one year high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings data 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%. Analysts forecast that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.53 dividend. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.27%. The ex-dividend date was Friday, February 21st. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction 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 in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TPG has been the topic of a number of research reports. BMO Capital Markets raised their price target on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company cut their price target on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. 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 research report on Friday, December 20th. Finally, Evercore ISI boosted their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, TPG currently has a consensus rating of “Hold” and a consensus price target of $63.18.

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.