Harvest Fund Management Co. Ltd Invests $51,000 in TPG Inc. (NASDAQ:TPG)

Harvest Fund Management Co. Ltd bought a new stake in shares of TPG Inc. (NASDAQ:TPG) during the fourth quarter, Holdings Channel reports. The institutional investor bought 1,182 shares of the company’s stock, valued at approximately $51,000.

Other institutional investors also recently modified their holdings of the company. TimesSquare Capital Management LLC lifted its position in shares of TPG by 11.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,211,111 shares of the company’s stock valued at $66,599,000 after acquiring an additional 229,481 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of TPG by 72.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company’s stock valued at $18,988,000 after acquiring an additional 265,706 shares during the period. Vanguard Group Inc. increased its stake in TPG by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,729,509 shares of the company’s stock valued at $172,573,000 after purchasing an additional 182,885 shares in the last quarter. Invesco Ltd. increased its stake in TPG by 13.2% during the 3rd quarter. Invesco Ltd. now owns 498,617 shares of the company’s stock valued at $15,018,000 after purchasing an additional 58,140 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in TPG during the 4th quarter valued at $164,000. Institutional investors and hedge funds own 86.79% of the company’s stock.

Insider Buying and Selling at TPG

In other TPG news, CEO Jon Winkelried sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $41,640,000.00. Following the sale, the chief executive officer now directly owns 3,326,460 shares of the company’s stock, valued at $138,513,794.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Martin Davidson sold 39,317 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $1,637,159.88. Following the sale, the chief accounting officer now directly owns 30,991 shares of the company’s stock, valued at $1,290,465.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jon Winkelried sold 1,000,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $41,640,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,326,460 shares in the company, valued at $138,513,794.40. The disclosure for this sale can be found here. Insiders have sold a total of 2,434,129 shares of company stock valued at $101,357,132 over the last three months. 78.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TPG has been the subject of a number of recent research reports. TD Cowen initiated coverage on shares of TPG in a research note on Thursday, January 4th. They set a “market perform” rating and a $38.00 price target for the company. TheStreet lowered shares of TPG from a “c” rating to a “d” rating in a research note on Monday, March 18th. Wells Fargo & Company upped their target price on shares of TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. Morgan Stanley upped their target price on shares of TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Citigroup upped their target price on shares of TPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, TPG currently has a consensus rating of “Hold” and a consensus target price of $39.96.

TPG Stock Up 1.0 %

Shares of NASDAQ:TPG opened at $43.87 on Friday. The company’s 50-day moving average is $44.27 and its 200 day moving average is $39.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.16 and a quick ratio of 0.16. TPG Inc. has a fifty-two week low of $24.74 and a fifty-two week high of $47.20.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.41 by $0.10. The business had revenue of $529.90 million for the quarter, compared to the consensus estimate of $395.30 million. TPG had a net margin of 3.35% and a return on equity of 18.69%. The company’s revenue was up 51.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Equities analysts forecast that TPG Inc. will post 2.09 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.01%. The ex-dividend date was Thursday, February 22nd. TPG’s dividend payout ratio (DPR) is presently -4,398.90%.

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.