Arizona State Retirement System Purchases 1,395 Shares of TPG Inc. (NASDAQ:TPG)

Arizona State Retirement System lifted its position in TPG Inc. (NASDAQ:TPG – Get Rating) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,016 shares of the company’s stock after acquiring an additional 1,395 shares during the quarter. Arizona State Retirement System’s holdings in TPG were worth $307,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. bought a new stake in shares of TPG in the 1st quarter worth about $33,000. Advanced Research Investment Solutions LLC bought a new stake in TPG during the 3rd quarter valued at about $56,000. BNP Paribas Arbitrage SNC bought a new stake in TPG during the 3rd quarter valued at about $61,000. Guardian Wealth Advisors LLC bought a new stake in TPG during the 3rd quarter valued at about $102,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in TPG during the 2nd quarter valued at about $99,000. Institutional investors own 12.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TPG. Evercore ISI decreased their price objective on shares of TPG from $34.00 to $33.00 in a report on Tuesday, May 16th. Bank of America reduced their price target on shares of TPG from $34.00 to $28.00 in a report on Wednesday, May 17th. Wells Fargo & Company reduced their price target on shares of TPG from $31.00 to $28.00 in a report on Friday. Citigroup initiated coverage on shares of TPG in a report on Thursday, May 18th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price target on shares of TPG from $37.00 to $38.00 and gave the company a “market perform” rating in a report on Thursday, February 16th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.32.

TPG Stock Down 0.5 %

NASDAQ:TPG opened at $26.60 on Tuesday. The company has a market cap of $8.22 billion, a PE ratio of -83.13, a P/E/G ratio of 1.24 and a beta of 1.45. TPG Inc. has a twelve month low of $23.09 and a twelve month high of $44.43. The company has a current ratio of 0.28, a quick ratio of 0.33 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $28.21 and its two-hundred day moving average is $31.01.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Thursday, May 25th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, May 24th. TPG’s dividend payout ratio is presently -625.00%.

About TPG

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TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.