AXQ Capital LP Buys 8,669 Shares of TPG Inc. (NASDAQ:TPG)

AXQ Capital LP grew its stake in TPG Inc. (NASDAQ:TPG) by 69.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,152 shares of the company’s stock after acquiring an additional 8,669 shares during the period. TPG accounts for approximately 0.6% of AXQ Capital LP’s investment portfolio, making the stock its 27th biggest holding. AXQ Capital LP’s holdings in TPG were worth $1,329,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TPG. Lord Abbett & CO. LLC raised its position in shares of TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after purchasing an additional 992,818 shares during the period. Barclays PLC grew its stake in shares of TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after acquiring an additional 597,972 shares in the last quarter. Burkehill Global Management LP acquired a new position in shares of TPG in the fourth quarter valued at about $31,420,000. Franklin Resources Inc. grew its stake in shares of TPG by 10.1% in the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after acquiring an additional 244,373 shares in the last quarter. Finally, Partners Group Holding AG grew its stake in TPG by 112.2% during the third quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock worth $19,146,000 after buying an additional 175,847 shares in the last quarter. 94.03% of the stock is owned by institutional investors.

TPG Stock Down 1.0 %

TPG stock opened at $50.00 on Friday. The firm has a 50 day moving average price of $58.69 and a two-hundred day moving average price of $61.72. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of -113.64, a PEG ratio of 0.80 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG Inc. has a 52-week low of $39.18 and a 52-week high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. Equities analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.24%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is currently -481.82%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TPG. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Evercore ISI raised their price target on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. BMO Capital Markets raised their price target on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Wells Fargo & Company reduced their price target on shares of TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Keefe, Bruyette & Woods raised their price target on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.18.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of TPG 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 approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction on Wednesday, March 19th. The shares were 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 directly owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by 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.