International Assets Investment Management LLC Has $1.12 Million Position in TPG Inc. (NASDAQ:TPG)

International Assets Investment Management LLC lifted its stake in shares of TPG Inc. (NASDAQ:TPG) by 4,217.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,902 shares of the company’s stock after purchasing an additional 25,302 shares during the quarter. International Assets Investment Management LLC’s holdings in TPG were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in TPG by 1.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 30,073 shares of the company’s stock worth $906,000 after purchasing an additional 384 shares in the last quarter. Arizona State Retirement System increased its stake in shares of TPG by 2.8% in the third quarter. Arizona State Retirement System now owns 15,429 shares of the company’s stock valued at $465,000 after buying an additional 423 shares during the period. Commonwealth Equity Services LLC raised its holdings in TPG by 7.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,151 shares of the company’s stock valued at $246,000 after buying an additional 600 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in TPG in the 3rd quarter valued at approximately $30,000. Finally, Highland Capital Management LLC boosted its position in TPG by 0.8% during the 4th quarter. Highland Capital Management LLC now owns 151,372 shares of the company’s stock worth $6,535,000 after buying an additional 1,246 shares during the period. 86.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TPG has been the subject of several recent research reports. UBS Group upped their price target on shares of TPG from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 12th. TD Cowen began coverage on TPG in a report on Thursday, January 4th. They set a “market perform” rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on TPG from $42.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company upped their target price on TPG from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, TPG has a consensus rating of “Hold” and a consensus price target of $39.96.

TPG Stock Performance

Shares of TPG stock opened at $43.20 on Tuesday. The firm has a 50 day moving average of $44.24 and a 200-day moving average of $39.25. The company has a market cap of $15.75 billion, a price-to-earnings ratio of -1,079.73, a price-to-earnings-growth ratio of 0.72 and a beta of 1.62. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28. TPG Inc. has a 52 week low of $24.74 and a 52 week high of $47.20.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 13th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.10. TPG had a net margin of 3.35% and a return on equity of 18.69%. The business had revenue of $529.90 million for the quarter, compared to analyst estimates of $395.30 million. During the same period in the prior year, the firm earned $0.59 earnings per share. TPG’s revenue was up 51.3% on a year-over-year basis. On average, equities analysts forecast that TPG Inc. will post 2.1 earnings per share for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, February 22nd. TPG’s payout ratio is -4,398.90%.

Insider Buying and Selling

In other news, CAO Martin Davidson sold 39,317 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the transaction, the chief accounting officer now directly owns 30,991 shares of the company’s stock, valued at $1,290,465.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Martin Davidson sold 39,317 shares of TPG stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now directly owns 30,991 shares in the company, valued at $1,290,465.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Todd Benjamin Sisitsky sold 52,807 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $2,198,883.48. Following the sale, the president now directly owns 396,982 shares of the company’s stock, valued at $16,530,330.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,434,129 shares of company stock valued at $101,357,132. 78.72% 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.