Orion Portfolio Solutions LLC Buys New Shares in TPG Inc. (NASDAQ:TPG)

Orion Portfolio Solutions LLC purchased a new position in shares of TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,138 shares of the company’s stock, valued at approximately $386,000.

A number of other hedge funds also recently bought and sold shares of TPG. Vanguard Group Inc. raised its position in shares of TPG by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company’s stock worth $519,438,000 after acquiring an additional 162,107 shares in the last quarter. Franklin Resources Inc. increased its stake in TPG by 10.1% in the third 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 holdings 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of TPG by 2,515.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock worth $104,296,000 after buying an additional 1,596,254 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of TPG in the 4th quarter valued at $100,675,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company cut their target price on TPG from $66.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price objective on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Evercore ISI raised their target price on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Finally, Citigroup reduced their price target on shares of TPG from $72.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, TPG currently has an average rating of “Moderate Buy” and an average price target of $60.85.

Insider Buying and Selling

In related news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were 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 directly owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the 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 completion of the sale, the director now 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 disclosure for this sale can be found here. Corporate insiders own 76.48% of the company’s stock.

TPG Stock Performance

NASDAQ:TPG opened at $39.68 on Wednesday. The company has a market cap of $14.66 billion, a P/E ratio of -90.18, a P/E/G ratio of 0.80 and a beta of 1.58. The firm’s 50 day moving average is $53.40 and its two-hundred day moving average is $61.13. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Analysts expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.34%. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s 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.