Shoker Investment Counsel Inc. Raises Stock Holdings in TPG Inc. (NASDAQ:TPG)

Shoker Investment Counsel Inc. grew its position in TPG Inc. (NASDAQ:TPG) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,889 shares of the company’s stock after purchasing an additional 366 shares during the period. Shoker Investment Counsel Inc.’s holdings in TPG were worth $244,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Lord Abbett & CO. LLC increased its holdings in TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after buying an additional 992,818 shares during the period. Barclays PLC boosted its holdings in shares of TPG by 14,739.3% in the 3rd 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 during the last quarter. Franklin Resources Inc. increased 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 worth $161,921,000 after acquiring an additional 244,373 shares during the period. Partners Group Holding AG raised its holdings in shares of 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 purchasing an additional 175,847 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new position in TPG during the fourth quarter valued at $7,423,000. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TPG shares. The Goldman Sachs Group lifted their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods boosted their price target on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. TD Cowen dropped their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $64.27.

Insider Buying and Selling at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction 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 represents a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is currently owned by insiders.

TPG Stock Down 2.0 %

TPG stock opened at $54.52 on Friday. 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. The firm has a 50-day simple moving average of $63.36 and a 200-day simple moving average of $61.66. The stock has a market capitalization of $19.90 billion, a P/E ratio of -123.91, a P/E/G ratio of 0.80 and a beta of 1.49.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping 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%. Equities analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid 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 yield of 3.89%. The ex-dividend date is Friday, February 21st. TPG’s dividend payout ratio is currently -481.82%.

About TPG

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.