Harbert Fund Advisors Inc. Purchases New Stake in TPG Inc. (NASDAQ:TPG)

Harbert Fund Advisors Inc. acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $943,000.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in TPG during the fourth quarter worth $33,000. R Squared Ltd bought a new position in shares of TPG in the 4th quarter worth about $97,000. Wedmont Private Capital acquired a new stake in TPG during the fourth quarter worth about $204,000. Shoker Investment Counsel Inc. lifted its holdings in TPG by 10.4% in the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after acquiring an additional 366 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of TPG by 21.6% during the fourth quarter. Ritholtz Wealth Management now owns 4,695 shares of the company’s stock valued at $295,000 after purchasing an additional 833 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

NASDAQ TPG opened at $43.80 on Friday. The stock has a market capitalization of $16.18 billion, a P/E ratio of -99.55, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The business’s fifty day moving average is $52.12 and its two-hundred day moving average is $60.83. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98.

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

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a $0.53 dividend. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend was Friday, February 21st. TPG’s dividend payout ratio (DPR) is -481.82%.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value 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. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen lowered their price objective on TPG from $65.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday. Bank of America dropped their price objective on shares of TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, April 4th. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Keefe, Bruyette & Woods increased their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group decreased their target price on shares of TPG from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, TPG presently has an average rating of “Moderate Buy” and an average price target of $59.62.

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.