Keystone Investors PTE Ltd. Acquires Shares of 202,181 TPG Inc. (NASDAQ:TPG)

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

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

TPG Price Performance

TPG stock opened at $52.24 on Tuesday. The stock has a 50-day moving average price of $58.50 and a two-hundred day moving average price of $61.92. TPG Inc. has a 1 year low of $39.18 and a 1 year high of $72.98. The stock 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 current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, February 11th. The company reported $0.62 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%. Equities analysts forecast 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 was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given 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 annualized dividend and a dividend yield of 4.06%. TPG’s payout ratio is -481.82%.

Wall Street Analysts Forecast Growth

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

Insider Activity at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is owned by company 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.