Rhumbline Advisers Buys 2,917 Shares of TPG Inc. (NASDAQ:TPG)

Rhumbline Advisers raised its holdings in TPG Inc. (NASDAQ:TPG) by 3.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,187 shares of the company’s stock after acquiring an additional 2,917 shares during the quarter. Rhumbline Advisers’ holdings in TPG were worth $5,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in TPG. Franklin Resources Inc. boosted its holdings in shares of TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after buying an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after acquiring an additional 992,818 shares during the period. Geode Capital Management LLC increased its stake in shares of TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after purchasing an additional 102,663 shares in the last quarter. State Street Corp grew its stake 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 acquiring an additional 67,597 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in TPG by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after buying an additional 31,638 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Price Performance

Shares of NASDAQ TPG opened at $54.52 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The business has a 50 day simple moving average of $63.36 and a 200-day simple moving average of $61.66. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of -123.91, a price-to-earnings-growth ratio of 0.80 and a beta of 1.49.

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

TPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 3.89%. TPG’s dividend payout ratio (DPR) is -481.82%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TPG shares. BMO Capital Markets upped their price target on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. The Goldman Sachs Group raised their price target on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $64.27.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred 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 owns 15,841 shares of the company’s stock, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 76.48% of the company’s stock.

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.