TPG Inc. (NASDAQ:TPG) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd cut its stake in TPG Inc. (NASDAQ:TPG) by 87.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,318 shares of the company’s stock after selling 9,359 shares during the period. Harvest Fund Management Co. Ltd’s holdings in TPG were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Swiss National Bank lifted its position in TPG by 5.9% during the 3rd quarter. Swiss National Bank now owns 144,600 shares of the company’s stock worth $8,323,000 after acquiring an additional 8,100 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of TPG by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after purchasing an additional 31,638 shares during the period. The Manufacturers Life Insurance Company boosted its position in TPG by 19.2% in the third quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company’s stock valued at $1,357,000 after buying an additional 3,802 shares during the last quarter. Partners Group Holding AG increased its holdings in TPG by 112.2% in the 3rd 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in TPG by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock worth $1,019,000 after buying an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of NASDAQ TPG opened at $50.00 on Monday. 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 firm has a market cap of $18.47 billion, a PE ratio of -113.64, a PEG ratio of 0.80 and a beta of 1.54. TPG Inc. has a one year low of $39.18 and a one year high of $72.98. The firm has a fifty day moving average of $58.69 and a 200 day moving average of $61.90.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping 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%. As a group, research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently declared 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 is a positive change from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.24%. TPG’s payout ratio is currently -481.82%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TPG. BMO Capital Markets upped their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Keefe, Bruyette & Woods upped their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Evercore ISI lifted their price target on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.18.

Insider Buying and Selling

In related news, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the firm’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 transaction of $104,937.45. Following the completion of the transaction, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % 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.

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.