Keystone Investors PTE Ltd. Purchases New Holdings in TPG Inc. (NASDAQ:TPG)

Keystone Investors PTE Ltd. purchased a new position in shares of TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 202,181 shares of the company’s stock, valued at approximately $12,705,000. TPG comprises about 0.9% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 23rd biggest position. Keystone Investors PTE Ltd. owned about 0.06% of TPG at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in shares of TPG during the fourth quarter worth approximately $33,000. R Squared Ltd bought a new position in shares of TPG in the 4th quarter worth about $97,000. Quarry LP boosted its holdings in shares of TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after buying an additional 1,846 shares in the last quarter. Wedmont Private Capital bought a new position in shares of TPG during the 4th quarter worth about $204,000. Finally, Iron Gate Global Advisors LLC bought a new stake in TPG in the 3rd quarter valued at about $201,000. 94.03% of the stock is owned by institutional investors.

Insider Buying and Selling at TPG

In other TPG news, 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 transaction of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the company’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 value of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on TPG shares. Evercore ISI boosted their price target 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. Keefe, Bruyette & Woods upped their target price 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 reduced their target price on shares of TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.18.

TPG Trading Up 4.5 %

Shares of NASDAQ:TPG opened at $52.24 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98. The company 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 stock has a 50 day moving average of $58.50 and a 200 day moving average of $61.92.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.53 per share. 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. This represents a $2.12 dividend on an annualized basis and a yield of 4.06%. TPG’s dividend payout ratio (DPR) is presently -481.82%.

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.