10,521 Shares in TPG Inc. (NASDAQ:TPG) Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado acquired a new stake in TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,521 shares of the company’s stock, valued at approximately $661,000.

A number of other large investors also recently bought and sold shares of TPG. Treasurer of the State of North Carolina lifted its holdings in TPG by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock valued at $2,322,000 after acquiring an additional 230 shares during the period. Shoker Investment Counsel Inc. lifted its stake 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 valued at $244,000 after purchasing an additional 366 shares during the period. Commonwealth Equity Services LLC increased its holdings in TPG by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after buying an additional 498 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of TPG in the 4th quarter worth approximately $33,000. Finally, Mariner LLC raised its holdings in TPG by 16.3% during the fourth quarter. Mariner LLC now owns 4,151 shares of the company’s stock worth $261,000 after purchasing an additional 582 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI increased their price objective 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. Citigroup dropped their price objective on shares of TPG from $72.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their target price on TPG from $66.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. UBS Group cut their price target on TPG from $72.00 to $62.00 and set a “buy” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group dropped their price objective on TPG from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $58.54.

TPG Stock Up 0.5 %

Shares of TPG opened at $46.67 on Friday. The firm has a market cap of $17.24 billion, a PE ratio of -106.07, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $47.45 and its two-hundred day moving average is $59.35. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) 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%. Analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.53 dividend. This is a positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.54%. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Insider Buying and Selling at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 76.48% of the stock is currently owned by corporate 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.