Commonwealth Equity Services LLC Purchases 498 Shares of TPG Inc. (NASDAQ:TPG)

Commonwealth Equity Services LLC increased its position in TPG Inc. (NASDAQ:TPG) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,021 shares of the company’s stock after purchasing an additional 498 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TPG were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in TPG in the fourth quarter worth $33,000. R Squared Ltd purchased a new stake in shares of TPG in the 4th quarter worth about $97,000. Quarry LP increased its stake in shares of TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after acquiring an additional 1,846 shares in the last quarter. Wedmont Private Capital purchased a new position in TPG during the 4th quarter valued at about $204,000. Finally, Shoker Investment Counsel Inc. boosted its stake in TPG by 10.4% during the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after acquiring an additional 366 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TPG

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 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 approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction that occurred 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 sale, the general counsel now owns 290,841 shares of the company’s stock, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TPG shares. Evercore ISI raised their target price on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. 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 report on Thursday, December 19th. Bank of America lowered their price objective on TPG from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company cut their target price on TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group lowered their price target on TPG from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.42.

TPG Price Performance

Shares of NASDAQ:TPG opened at $40.99 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of -93.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The business has a 50-day simple moving average of $54.99 and a two-hundred day simple moving average of $61.48. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98.

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

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is -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.