TPG Inc. (NASDAQ:TPG) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in TPG Inc. (NASDAQ:TPG – Get Rating) by 12.1% in the 4th quarter, Holdings Channel reports. The firm owned 94,200 shares of the company’s stock after acquiring an additional 10,200 shares during the quarter. Swiss National Bank’s holdings in TPG were worth $2,622,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in TPG by 14.5% in the 4th quarter. Arizona State Retirement System now owns 11,016 shares of the company’s stock valued at $307,000 after purchasing an additional 1,395 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of TPG in the 4th quarter worth $1,494,000. Arete Wealth Advisors LLC acquired a new stake in shares of TPG in the 4th quarter worth $637,140,950,000. SG Americas Securities LLC acquired a new stake in shares of TPG in the 4th quarter worth $143,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TPG by 48.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,140 shares of the company’s stock worth $171,000 after acquiring an additional 2,009 shares during the last quarter. 12.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price on TPG from $31.00 to $28.00 in a research note on Friday, May 19th. Keefe, Bruyette & Woods raised their target price on TPG from $37.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, February 16th. JPMorgan Chase & Co. downgraded TPG from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $34.00 in a research note on Tuesday, January 24th. Citigroup initiated coverage on TPG in a research report on Thursday, May 18th. They set a “buy” rating and a $32.00 price objective for the company. Finally, Credit Suisse Group cut their price objective on TPG from $33.00 to $32.50 in a research report on Friday, May 19th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.32.

TPG Stock Performance

Shares of TPG stock opened at $25.56 on Wednesday. The business has a 50-day moving average of $28.17 and a 200 day moving average of $30.96. TPG Inc. has a 12 month low of $23.09 and a 12 month high of $44.43. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of -79.88, a price-to-earnings-growth ratio of 1.38 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.28 and a quick ratio of 0.28.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Thursday, May 25th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, May 24th. TPG’s dividend payout ratio (DPR) is -625.00%.

TPG Company Profile

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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.