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

Truxt Investmentos Ltda. acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,566 shares of the company’s stock, valued at approximately $1,368,000. TPG makes up approximately 2.2% of Truxt Investmentos Ltda.’s portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning increased 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 buying an additional 3,851 shares in the last quarter. Signaturefd LLC grew its position in TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares during the last quarter. International Assets Investment Management LLC increased its holdings in TPG by 5,656.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after purchasing an additional 33,936 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new position in TPG in the 3rd quarter valued at $456,000. Finally, Parcion Private Wealth LLC boosted its stake in TPG by 7.8% in 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 in the last quarter. 94.03% of the stock is owned by institutional investors.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 76.48% of the company’s stock.

Analyst Ratings Changes

TPG has been the subject of a number of research analyst reports. TD Cowen cut their price target on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their target price on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods upped their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.27.

TPG Price Performance

NASDAQ:TPG opened at $60.28 on Thursday. 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 12-month low of $39.18 and a 12-month high of $72.98. The stock’s fifty day simple moving average is $64.56 and its 200-day simple moving average is $61.28.

TPG (NASDAQ:TPG) last released its earnings results 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%. On average, equities analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid 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 is Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 3.52%. TPG’s dividend payout ratio (DPR) is presently -345.45%.

About TPG

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.