Skandinaviska Enskilda Banken AB publ Boosts Stock Holdings in TPG Inc. (NASDAQ:TPG)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of TPG Inc. (NASDAQ:TPG) by 36.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,800 shares of the company’s stock after buying an additional 43,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in TPG were worth $10,133,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Shoker Investment Counsel Inc. increased its stake in TPG by 10.4% during the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after buying an additional 366 shares in the last quarter. KBC Group NV increased its stake in TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after buying an additional 482 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in TPG during the 4th quarter worth approximately $33,000. Ritholtz Wealth Management increased its stake in TPG by 21.6% during the 4th quarter. Ritholtz Wealth Management now owns 4,695 shares of the company’s stock worth $295,000 after buying an additional 833 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TPG by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock worth $1,019,000 after buying an additional 965 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of TPG 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 transaction, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 76.48% of the company’s stock.

TPG Trading Up 2.2 %

Shares of TPG stock opened at $47.59 on Friday. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of -108.16, a PEG ratio of 0.80 and a beta of 1.54. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The stock has a 50 day moving average of $60.52 and a 200 day moving average of $61.75.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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, research analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 4.45%. This is a positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. TPG’s dividend payout ratio is presently -481.82%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company dropped their price target on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price target on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. BMO Capital Markets upped their price target on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Finally, Evercore ISI upped their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, TPG currently has a consensus rating of “Hold” and a consensus 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.