International Assets Investment Management LLC Grows Position in TPG Inc. (NASDAQ:TPG)

International Assets Investment Management LLC grew its stake in TPG Inc. (NASDAQ:TPG) by 4,217.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,902 shares of the company’s stock after buying an additional 25,302 shares during the period. International Assets Investment Management LLC’s holdings in TPG were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its stake 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 buying an additional 265,706 shares in the last quarter. Victory Capital Management Inc. bought a new stake in TPG during the third quarter valued at about $7,424,000. TimesSquare Capital Management LLC lifted its position in shares of TPG by 11.6% in the third 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of TPG by 3.3% in the third quarter. Vanguard Group Inc. now owns 5,729,509 shares of the company’s stock worth $172,573,000 after acquiring an additional 182,885 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of TPG by 35.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 582,317 shares of the company’s stock worth $17,539,000 after purchasing an additional 151,993 shares in the last quarter. Institutional investors own 86.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TPG has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Keefe, Bruyette & Woods boosted their target price on shares of TPG from $42.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. TheStreet cut shares of TPG from a “c” rating to a “d” rating in a research note on Monday, March 18th. Morgan Stanley lifted their price target on shares of TPG from $31.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, UBS Group increased their price objective on shares of TPG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, TPG currently has an average rating of “Hold” and a consensus target price of $39.96.

Insider Activity

In other news, CAO Martin Davidson sold 39,317 shares of the stock in a transaction on 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 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 hyperlink. In other TPG news, CAO Martin Davidson sold 39,317 shares of the firm’s 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 completion of the sale, the chief accounting officer now 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 can be accessed through the SEC website. Also, insider Joann Harris sold 1,739 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $72,411.96. Following the transaction, the insider now directly owns 22,860 shares in the company, valued at approximately $951,890.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,434,129 shares of company stock valued at $101,357,132. 78.72% of the stock is currently owned by insiders.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $43.20 on Tuesday. The firm has a fifty day simple moving average of $44.24 and a two-hundred day simple moving average of $39.25. TPG Inc. has a 52 week low of $24.74 and a 52 week high of $47.20. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $15.75 billion, a P/E ratio of -1,079.73, a PEG ratio of 0.72 and a beta of 1.62.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. TPG had a return on equity of 18.69% and a net margin of 3.35%. The company had revenue of $529.90 million during the quarter, compared to analyst estimates of $395.30 million. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue was up 51.3% on a year-over-year basis. On average, analysts expect that TPG Inc. will post 2.1 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Thursday, February 22nd. TPG’s dividend payout ratio (DPR) is -4,398.90%.

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.