US Bancorp DE Purchases 4,820 Shares of TPG Inc. (NASDAQ:TPG)

US Bancorp DE increased its position in shares of TPG Inc. (NASDAQ:TPG) by 5,540.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,907 shares of the company’s stock after acquiring an additional 4,820 shares during the period. US Bancorp DE’s holdings in TPG were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of TPG in the 4th quarter valued at about $33,000. R Squared Ltd bought a new stake in shares of TPG in the 4th quarter valued at about $97,000. KBC Group NV grew 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 buying an additional 482 shares during the last quarter. Quarry LP grew 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 buying an additional 1,846 shares during the last quarter. Finally, Iron Gate Global Advisors LLC bought a new stake in shares of TPG in the 3rd quarter valued at about $201,000. Institutional investors own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TPG. Wells Fargo & Company cut their target price on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. BMO Capital Markets upped their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Finally, Evercore ISI upped their target price on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Seven equities research 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 currently has a consensus rating of “Hold” and a consensus price target of $64.27.

TPG Stock Down 6.3 %

TPG stock opened at $46.55 on Friday. The stock’s 50 day simple moving average is $60.87 and its 200 day simple moving average is $61.86. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. 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 company has a market cap of $17.20 billion, a P/E ratio of -105.80, a price-to-earnings-growth 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%. On average, research analysts expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business 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. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.55%. TPG’s dividend payout ratio is -481.82%.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 15,841 shares of the company’s stock, 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 through this hyperlink. Company insiders own 76.48% of the company’s stock.

TPG Company 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.