Handelsbanken Fonder AB Purchases 1,100 Shares of TPG Inc. (NASDAQ:TPG)

Handelsbanken Fonder AB increased its position in TPG Inc. (NASDAQ:TPG) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,800 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in TPG were worth $1,307,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Franklin Resources Inc. grew its holdings 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 worth $161,921,000 after purchasing an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in TPG by 146.5% during the third 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 stake in TPG by 7.7% during the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after buying an additional 102,663 shares in the last quarter. State Street Corp increased its holdings in TPG by 5.0% in 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. Finally, Charles Schwab Investment Management Inc. raised its position in shares of TPG by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after buying an additional 31,638 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company reduced 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. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Thursday, February 13th. TD Cowen lowered their price target on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets raised their price objective 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, Evercore ISI boosted their target price 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.27.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,695 shares of the firm’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 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 $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 76.48% of the company’s stock.

TPG Trading Up 1.5 %

TPG opened at $55.61 on Thursday. 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 Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The company’s 50 day moving average price is $63.55 and its two-hundred day moving average price is $61.71. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of -126.39, a PEG ratio of 0.80 and a beta of 1.49.

TPG (NASDAQ:TPG) last posted 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%. As a group, research analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is currently -481.82%.

About TPG

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.