Victory Capital Management Inc. Has $1.61 Million Holdings in TPG Inc. (NASDAQ:TPG)

Victory Capital Management Inc. raised its holdings in shares of TPG Inc. (NASDAQ:TPG) by 143.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,592 shares of the company’s stock after purchasing an additional 15,071 shares during the period. Victory Capital Management Inc.’s holdings in TPG were worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TPG. ORG Wealth Partners LLC acquired a new stake in shares of TPG in the 4th quarter valued at approximately $33,000. R Squared Ltd acquired a new stake in shares of TPG in the 4th quarter valued at approximately $97,000. KBC Group NV raised its position in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. Quarry LP raised its position in shares of TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after acquiring an additional 1,846 shares during the period. Finally, Iron Gate Global Advisors LLC acquired a new stake in shares of TPG in the 3rd quarter valued at approximately $201,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on TPG shares. JMP Securities restated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Keefe, Bruyette & Woods raised their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company dropped their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets raised their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Finally, 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 report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, TPG currently has an average rating of “Hold” and an average price target of $64.27.

Insider Transactions at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 76.48% of the company’s stock.

TPG Price Performance

NASDAQ:TPG opened at $49.20 on Wednesday. TPG Inc. has a 1-year low of $39.18 and a 1-year high of $72.98. 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 firm has a fifty day simple moving average of $59.53 and a 200 day simple moving average of $61.88. The stock has a market capitalization of $18.18 billion, a PE ratio of -111.82, a P/E/G ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal 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 was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.31%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is currently -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.