Alberta Investment Management Corp Reduces Holdings in TPG Inc. (NASDAQ:TPG)

Alberta Investment Management Corp decreased its position in TPG Inc. (NASDAQ:TPG) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,584 shares of the company’s stock after selling 5,889 shares during the period. Alberta Investment Management Corp’s holdings in TPG were worth $665,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TPG. Creative Planning grew its stake in shares of TPG by 55.5% in the 3rd quarter. Creative Planning now owns 10,784 shares of the company’s stock valued at $621,000 after buying an additional 3,851 shares during the period. Signaturefd LLC grew its stake in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares during the period. International Assets Investment Management LLC grew its stake in shares of TPG by 5,656.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after buying an additional 33,936 shares during the period. Parcion Private Wealth LLC grew its stake in shares of TPG by 7.8% in the 3rd quarter. Parcion Private Wealth LLC now owns 101,258 shares of the company’s stock valued at $5,828,000 after buying an additional 7,365 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of TPG by 30.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,356 shares of the company’s stock valued at $1,355,000 after buying an additional 5,450 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of TPG opened at $56.63 on Friday. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The firm’s fifty day simple moving average is $64.15 and its 200-day simple moving average is $61.49. The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of -128.70, a PEG ratio of 0.80 and a beta of 1.49. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

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

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 21st. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TPG shares. JMP Securities restated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Evercore ISI upped their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. TD Cowen decreased their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company reduced their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, TPG currently has a consensus rating of “Hold” and an average price target of $64.27.

Insider Activity

In related news, Director Deborah M. Messemer sold 1,695 shares of the 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 transaction, the director now directly owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 76.48% of the company’s stock.

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.