Nomura Asset Management Co. Ltd. Buys 10,692 Shares of TPG Inc. (NASDAQ:TPG)

Nomura Asset Management Co. Ltd. lifted its stake in TPG Inc. (NASDAQ:TPG) by 228.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,381 shares of the company’s stock after buying an additional 10,692 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in TPG were worth $967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TPG. Norges Bank bought a new position in shares of TPG during the fourth quarter valued at $100,675,000. JPMorgan Chase & Co. lifted its holdings in TPG by 2,515.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock valued at $104,296,000 after purchasing an additional 1,596,254 shares during the last quarter. Keystone Investors PTE Ltd. acquired a new position in TPG in the fourth quarter valued at about $12,705,000. Partners Group Holding AG grew its stake in TPG by 3.8% during the fourth quarter. Partners Group Holding AG now owns 345,254 shares of the company’s stock worth $21,696,000 after buying an additional 12,627 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of TPG by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company’s stock worth $519,438,000 after buying an additional 162,107 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Trading Up 4.0 %

Shares of NASDAQ TPG opened at $49.62 on Thursday. The company’s 50 day simple moving average is $56.11 and its 200 day simple moving average is $61.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The firm has a market capitalization of $18.33 billion, a P/E ratio of -112.77, a P/E/G ratio of 0.80 and a beta of 1.54.

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 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, analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business 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 boost from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.27%. TPG’s dividend payout ratio is -481.82%.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the sale, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares of the company’s stock, valued at $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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.