R Squared Ltd Buys Shares of 1,540 TPG Inc. (NASDAQ:TPG)

R Squared Ltd purchased a new stake in TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,540 shares of the company’s stock, valued at approximately $97,000.

A number of other hedge funds also recently made changes to their positions in the business. Lord Abbett & CO. LLC grew its holdings 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 buying an additional 992,818 shares in the last quarter. Barclays PLC boosted its position in TPG by 14,739.3% during the 3rd quarter. Barclays PLC now owns 602,029 shares of the company’s stock worth $34,652,000 after acquiring an additional 597,972 shares during the period. Franklin Resources Inc. grew its stake in shares of TPG by 10.1% in the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after purchasing an additional 244,373 shares in the last quarter. Partners Group Holding AG increased its holdings in shares of TPG by 112.2% during the third quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock valued at $19,146,000 after purchasing an additional 175,847 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in TPG by 7.7% in the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after purchasing an additional 102,663 shares during the period. Institutional investors own 94.03% of the company’s stock.

TPG Trading Up 0.2 %

TPG stock opened at $67.05 on Friday. TPG Inc. has a 52 week low of $39.18 and a 52 week high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of -197.20, a P/E/G ratio of 0.95 and a beta of 1.49. The company has a 50 day moving average price of $66.69 and a 200 day moving average price of $59.85.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same quarter in the previous year, the company posted $0.56 earnings per share. Research analysts forecast that TPG Inc. will post 1.95 EPS for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. TPG’s dividend payout ratio is -447.05%.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 76.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen cut their target price on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley lifted their price target on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. BMO Capital Markets raised their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company dropped their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, TPG has an average rating of “Hold” and an average price target of $63.00.

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.