AlphaQuest LLC Increases Stock Holdings in TPG Inc. (NASDAQ:TPG)

AlphaQuest LLC lifted its stake in shares of TPG Inc. (NASDAQ:TPG) by 320.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,876 shares of the company’s stock after acquiring an additional 6,004 shares during the period. AlphaQuest LLC’s holdings in TPG were worth $495,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TPG. Lord Abbett & CO. LLC raised its holdings in shares of TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after buying an additional 992,818 shares during the period. Barclays PLC raised its holdings in shares of TPG by 14,739.3% during the 3rd quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after buying an additional 597,972 shares during the period. Franklin Resources Inc. raised its holdings in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after buying an additional 244,373 shares during the period. Partners Group Holding AG raised its holdings in shares of TPG by 112.2% during the 3rd quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock valued at $19,146,000 after buying an additional 175,847 shares during the period. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of TPG during the 4th quarter valued at about $7,423,000. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TPG

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 stock was 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 $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 76.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TPG shares. JMP Securities restated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Evercore ISI lifted their price objective on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. The Goldman Sachs Group lifted their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.27.

TPG Price Performance

Shares of TPG opened at $49.68 on Thursday. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of -112.91, a PEG ratio of 0.80 and a beta of 1.54. The stock has a 50 day moving average of $60.87 and a 200-day moving average of $61.86. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a 52 week low of $39.18 and a 52 week high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings data 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%. As a group, analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.53 per share. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.27%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is currently -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.