AGF Management Ltd. Makes New $439,000 Investment in TPG Inc. (NASDAQ:TPG)

AGF Management Ltd. bought a new position in shares of TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,985 shares of the company’s stock, valued at approximately $439,000.

Several other institutional investors have also recently made changes to their positions in TPG. ORG Wealth Partners LLC purchased a new stake in shares of TPG during the fourth quarter worth $33,000. R Squared Ltd bought a new position in shares of TPG in the fourth quarter worth $97,000. KBC Group NV increased its holdings in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares during the period. Quarry LP increased its holdings in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after purchasing an additional 1,846 shares during the period. Finally, Iron Gate Global Advisors LLC bought a new position in shares of TPG in the third quarter worth $201,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Stock Up 2.2 %

Shares of NASDAQ:TPG opened at $47.59 on Friday. The stock’s 50-day moving average price is $60.16 and its 200-day moving average price is $61.81. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98. The stock has a market capitalization of $17.58 billion, a P/E ratio of -108.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. 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 (NASDAQ:TPG) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, equities analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This is a positive change from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Friday, February 21st. TPG’s dividend payout ratio is currently -481.82%.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were 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 in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 76.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TPG has been the topic of several research analyst reports. The Goldman Sachs Group upped their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company decreased their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets increased their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, Evercore ISI increased their target price on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.27.

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.