American Century Companies Inc. Boosts Stock Holdings in TPG Inc. (NASDAQ:TPG)

American Century Companies Inc. increased its position in TPG Inc. (NASDAQ:TPG) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,407,270 shares of the company’s stock after acquiring an additional 147,892 shares during the period. American Century Companies Inc. owned about 0.39% of TPG worth $88,433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its holdings in shares of TPG by 5.9% during the third quarter. Swiss National Bank now owns 144,600 shares of the company’s stock valued at $8,323,000 after purchasing an additional 8,100 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after buying an additional 31,638 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of TPG by 803.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 10,677 shares of the company’s stock valued at $615,000 after buying an additional 9,495 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of TPG by 19.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company’s stock worth $1,357,000 after buying an additional 3,802 shares during the last quarter. Finally, Partners Group Holding AG grew its holdings in shares of TPG by 112.2% in the third quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock worth $19,146,000 after acquiring an additional 175,847 shares during the period. 94.03% of the stock is owned by institutional investors.

Insider Activity

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 owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TPG shares. JMP Securities reissued a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Evercore ISI raised their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced their target price on shares of TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. BMO Capital Markets boosted their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their price target on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.18.

TPG Trading Up 4.5 %

TPG stock opened at $52.24 on Tuesday. The firm has a fifty day moving average price of $58.50 and a 200 day moving average price of $61.92. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The firm has a market cap of $19.30 billion, a PE ratio of -118.73, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS 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%. Sell-side analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.53 dividend. This is a boost from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.06%. TPG’s payout ratio is -481.82%.

TPG Company 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.