TPG Inc. (NASDAQ:TPG) Shares Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC increased its position in shares of TPG Inc. (NASDAQ:TPG) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,220 shares of the company’s stock after acquiring an additional 3,386 shares during the period. Clear Harbor Asset Management LLC’s holdings in TPG were worth $1,899,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of TPG in the fourth quarter worth $33,000. Signaturefd LLC increased its holdings 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 purchasing an additional 188 shares during the period. Covestor Ltd increased its holdings in TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after purchasing an additional 1,715 shares during the period. KBC Group NV boosted its stake in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares during the period. Finally, Quarry LP increased its stake in shares of TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after buying an additional 1,846 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price objective on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group boosted their target price on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, TD Cowen dropped their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, TPG currently has an average rating of “Hold” and an average target price of $63.00.

TPG Trading Up 2.3 %

NASDAQ:TPG opened at $67.03 on Tuesday. TPG Inc. has a 12-month low of $38.50 and a 12-month high of $72.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $66.54 and its 200-day simple moving average is $58.63. The firm has a market cap of $24.46 billion, a P/E ratio of -197.14, a PEG ratio of 0.93 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The company had revenue of $855.40 million during the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter last year, the business earned $0.56 EPS. Equities analysts anticipate that TPG Inc. will post 1.95 EPS for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, November 14th. TPG’s payout ratio is -447.05%.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction dated 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 transaction, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 76.48% of the company’s stock.

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.