Navellier & Associates Inc. Boosts Stock Holdings in TPG Inc. (NASDAQ:TPG)

Navellier & Associates Inc. lifted its position in shares of TPG Inc. (NASDAQ:TPG) by 31.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,230 shares of the company’s stock after purchasing an additional 2,426 shares during the period. Navellier & Associates Inc.’s holdings in TPG were worth $643,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TPG. Creative Planning boosted its holdings in shares of TPG by 55.5% during the third quarter. Creative Planning now owns 10,784 shares of the company’s stock worth $621,000 after purchasing an additional 3,851 shares during the period. Signaturefd LLC boosted its holdings in shares of TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 33,936 shares during the period. Parcion Private Wealth LLC boosted its holdings in shares of TPG by 7.8% during the third quarter. Parcion Private Wealth LLC now owns 101,258 shares of the company’s stock worth $5,828,000 after purchasing an additional 7,365 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of TPG by 30.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,356 shares of the company’s stock worth $1,355,000 after purchasing an additional 5,450 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price target on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Wells Fargo & Company decreased their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. TD Cowen decreased their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, TPG presently has a consensus rating of “Hold” and a consensus target price of $64.27.

TPG Price Performance

Shares of NASDAQ TPG opened at $56.63 on Friday. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The company has a 50 day simple moving average of $64.15 and a two-hundred day simple moving average of $61.49. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of -128.70, a P/E/G ratio of 0.80 and a beta of 1.49. 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 announced its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating 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%. Analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 3.74%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is -481.82%.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 76.48% of the stock is owned by insiders.

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.