Headlands Technologies LLC Has $364,000 Stock Holdings in TPG Inc. (NASDAQ:TPG)

Headlands Technologies LLC raised its stake in TPG Inc. (NASDAQ:TPG) by 108.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,790 shares of the company’s stock after buying an additional 3,019 shares during the period. Headlands Technologies LLC’s holdings in TPG were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPG. Vanguard Group Inc. increased its stake in shares of TPG by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company’s stock valued at $519,438,000 after buying an additional 162,107 shares during the period. Franklin Resources Inc. grew its holdings in TPG by 10.1% during the 3rd 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 last quarter. Lord Abbett & CO. LLC increased its position in TPG by 146.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after acquiring an additional 992,818 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TPG by 2,515.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock valued at $104,296,000 after acquiring an additional 1,596,254 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of TPG during the fourth quarter worth $100,675,000. Institutional investors own 94.03% of the company’s stock.

Insider Buying and Selling at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the sale, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders own 76.48% of the company’s stock.

TPG Stock Performance

NASDAQ:TPG opened at $42.33 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98. The company has a fifty day moving average of $55.56 and a 200-day moving average of $61.60. The firm has a market capitalization of $15.64 billion, a P/E ratio of -96.20, 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 for the quarter, beating 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, sell-side analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 5.01%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is presently -481.82%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TPG. Evercore ISI increased their price objective on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on TPG from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets upped their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Wells Fargo & Company lowered their price target on shares of TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.91.

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.