Illinois Municipal Retirement Fund Takes Position in TPG Inc. (NASDAQ:TPG)

Illinois Municipal Retirement Fund acquired a new position in TPG Inc. (NASDAQ:TPG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,745 shares of the company’s stock, valued at approximately $675,000.

Other large investors also recently bought and sold shares of the company. KBC Group NV increased its holdings in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. ORG Wealth Partners LLC bought a new stake in TPG during the fourth quarter valued at about $33,000. Ritholtz Wealth Management grew its stake in TPG by 21.6% in 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TPG by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock worth $1,019,000 after purchasing an additional 965 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of TPG by 5.6% during the fourth quarter. Handelsbanken Fonder AB now owns 20,800 shares of the company’s stock valued at $1,307,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

TPG has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. TD Cowen dropped their target price on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.27.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now directly owns 15,841 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. 76.48% of the stock is owned by corporate insiders.

TPG Trading Down 4.3 %

Shares of NASDAQ:TPG opened at $52.80 on Tuesday. The business has a 50-day moving average price of $62.94 and a 200-day moving average price of $61.95. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of -120.00, a PEG ratio of 0.80 and a beta of 1.49. TPG Inc. has a 52-week low of $39.18 and a 52-week high of $72.98. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a yield of 4.02%. TPG’s payout ratio is currently -481.82%.

TPG 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.