Clear Harbor Asset Management LLC Acquires 3,386 Shares of TPG Inc. (NASDAQ:TPG)

Clear Harbor Asset Management LLC boosted its holdings in TPG Inc. (NASDAQ:TPG) by 12.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,220 shares of the company’s stock after purchasing an additional 3,386 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in TPG were worth $1,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after buying an additional 102,663 shares in the last quarter. International Assets Investment Management LLC boosted its stake in TPG by 5,656.0% during the third quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock worth $1,988,000 after buying an additional 33,936 shares during the period. Millennium Management LLC raised its stake in shares of TPG by 32.4% in the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after acquiring an additional 922,571 shares during the period. Gunderson Capital Management Inc. bought a new stake in shares of TPG in the 4th quarter worth about $1,815,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after purchasing an additional 31,638 shares during the period. 94.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TPG has been the subject of several research analyst reports. Evercore ISI lifted their price target on shares of TPG from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Friday. The Goldman Sachs Group boosted their price target on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company dropped their price objective on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their target price on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.00.

TPG Trading Up 2.3 %

Shares of TPG stock opened at $67.03 on Tuesday. The stock has a 50 day simple moving average of $66.54 and a 200-day simple moving average of $58.63. TPG Inc. has a 1-year low of $38.50 and a 1-year high of $72.98. The company has a market cap of $24.46 billion, a price-to-earnings ratio of -197.14, a PEG ratio of 0.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. During the same period last year, the company posted $0.56 EPS. On average, equities research analysts expect that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Thursday, November 14th. TPG’s dividend payout ratio is currently -447.05%.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was 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 represents a 9.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 76.48% of the stock is currently owned by company insiders.

About TPG

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.