TPG Inc. (NASDAQ:TPG) Holdings Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in TPG Inc. (NASDAQ:TPG) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 739,807 shares of the company’s stock after selling 31,191 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.20% of TPG worth $46,489,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TPG. US Bancorp DE grew its holdings in shares of TPG by 5,540.2% during the 4th quarter. US Bancorp DE now owns 4,907 shares of the company’s stock valued at $308,000 after acquiring an additional 4,820 shares in the last quarter. Shoker Investment Counsel Inc. lifted its position in shares of TPG by 10.4% in the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after buying an additional 366 shares during the last quarter. Versor Investments LP bought a new stake in shares of TPG during the 4th quarter worth about $509,000. Illinois Municipal Retirement Fund bought a new stake in shares of TPG during the 4th quarter worth about $675,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of TPG during the 4th quarter valued at about $456,000. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Up 2.2 %

NASDAQ TPG opened at $47.59 on Friday. 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 firm has a market cap of $17.58 billion, a PE ratio of -108.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The stock’s 50 day simple moving average is $60.52 and its 200 day simple moving average is $61.75. TPG Inc. has a one year low of $39.18 and a one year high of $72.98.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share 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, sell-side analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed 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 4.45%. 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. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Analysts Set New Price Targets

TPG has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods increased their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. BMO Capital Markets lifted their price objective on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Finally, Evercore ISI raised their price target on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.27.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 1,695 shares of the business’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 transaction of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 76.48% of the stock is currently owned by insiders.

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.