Truxt Investmentos Ltda. Acquires New Position in TPG Inc. (NASDAQ:TPG)

Truxt Investmentos Ltda. acquired a new stake in TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 21,566 shares of the company’s stock, valued at approximately $1,368,000. TPG accounts for 2.2% of Truxt Investmentos Ltda.’s holdings, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC raised 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 acquiring an additional 188 shares in the last quarter. KBC Group NV increased its position in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of TPG during the 4th quarter worth about $33,000. Ritholtz Wealth Management lifted its holdings in shares of TPG by 21.6% during the 4th quarter. Ritholtz Wealth Management now owns 4,695 shares of the company’s stock valued at $295,000 after buying an additional 833 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TPG by 5.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock valued at $1,019,000 after buying an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $60.28 on Thursday. The business has a 50 day moving average price of $64.56 and a 200 day moving average price of $61.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 25.14% and a net margin of 0.67%. As a group, equities analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.52%. This is a positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 21st. TPG’s dividend payout ratio (DPR) is currently -345.45%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TPG. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. TD Cowen decreased their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company cut their target price on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $64.27.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction that occurred 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 owns 15,841 shares of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 76.48% of the company’s stock.

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.