Edgestream Partners L.P. Has $4.46 Million Holdings in TPG Inc. (NASDAQ:TPG)

Edgestream Partners L.P. grew its stake in shares of TPG Inc. (NASDAQ:TPG) by 1,093.7% in the 4th quarter, HoldingsChannel reports. The fund owned 70,941 shares of the company’s stock after purchasing an additional 64,998 shares during the quarter. Edgestream Partners L.P.’s holdings in TPG were worth $4,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in TPG during the fourth quarter worth approximately $615,000. Arizona State Retirement System increased its holdings in shares of TPG by 4.8% during the fourth quarter. Arizona State Retirement System now owns 22,334 shares of the company’s stock worth $1,403,000 after purchasing an additional 1,014 shares during the period. Aigen Investment Management LP bought a new position in shares of TPG during the fourth quarter worth approximately $688,000. Cookson Peirce & Co. Inc. increased its holdings in shares of TPG by 56.5% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 14,135 shares of the company’s stock worth $888,000 after purchasing an additional 5,103 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of TPG by 143.2% during the fourth quarter. Victory Capital Management Inc. now owns 25,592 shares of the company’s stock worth $1,608,000 after purchasing an additional 15,071 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of 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. Keefe, Bruyette & Woods raised their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price objective on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $64.27.

TPG Stock Performance

Shares of TPG stock opened at $49.08 on Friday. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The firm has a market capitalization of $18.13 billion, a P/E ratio of -111.55, a P/E/G ratio of 0.80 and a beta of 1.54. The company’s 50 day moving average price is $62.05 and its two-hundred day moving average price is $61.79.

TPG (NASDAQ:TPG) last issued its earnings results 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%. On average, equities analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.32%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is currently -481.82%.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now owns 15,841 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 76.48% of the company’s stock.

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.