Principal Financial Group Inc. Sells 1,221 Shares of TPG Inc. (NASDAQ:TPG)

Principal Financial Group Inc. lessened its holdings in TPG Inc. (NASDAQ:TPG) by 20.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,847 shares of the company’s stock after selling 1,221 shares during the quarter. Principal Financial Group Inc.’s holdings in TPG were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. grew its stake 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 acquiring an additional 244,373 shares during the period. Lord Abbett & CO. LLC raised its holdings 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 buying an additional 992,818 shares in the last quarter. Geode Capital Management LLC grew its position in TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after acquiring an additional 102,663 shares during the last quarter. State Street Corp grew its position in TPG by 5.0% during the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company’s stock worth $81,849,000 after acquiring an additional 67,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 worth $44,379,000 after buying an additional 31,638 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’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 sale, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 76.48% of the stock is owned by company insiders.

TPG Stock Up 0.2 %

TPG stock opened at $49.08 on Friday. TPG Inc. has a 1-year low of $39.18 and a 1-year high of $72.98. The business has a fifty day moving average price of $62.05 and a 200-day moving average price of $61.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The stock has a market capitalization of $18.13 billion, a P/E ratio of -111.55, a P/E/G ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS 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%. Equities analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. This is a positive change from TPG’s previous quarterly dividend of $0.38. 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 4.32%. TPG’s dividend payout ratio is -481.82%.

Wall Street Analyst Weigh In

TPG has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. 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. Wells Fargo & Company lowered their target price on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.27.

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.