Sound View Wealth Advisors Group LLC Acquires Shares of 16,873 TPG Inc. (NASDAQ:TPG)

Sound View Wealth Advisors Group LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,873 shares of the company’s stock, valued at approximately $1,060,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaQuest LLC raised its position in shares of TPG by 320.7% during the 4th quarter. AlphaQuest LLC now owns 7,876 shares of the company’s stock valued at $495,000 after acquiring an additional 6,004 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of TPG by 1,093.7% during the fourth quarter. Edgestream Partners L.P. now owns 70,941 shares of the company’s stock worth $4,458,000 after purchasing an additional 64,998 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of TPG during the fourth quarter worth $615,000. Arizona State Retirement System lifted its position in shares of TPG by 4.8% in the 4th quarter. Arizona State Retirement System now owns 22,334 shares of the company’s stock worth $1,403,000 after buying an additional 1,014 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of TPG in the 4th quarter valued at about $688,000. Institutional investors own 94.03% of the company’s stock.

Insiders Place Their Bets

In other TPG 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 value of $104,937.45. Following the completion of the sale, the director now directly 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 can be accessed through this hyperlink. 76.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TPG has been the topic of several research reports. The Goldman Sachs Group increased their price objective on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI raised their price target on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Wells Fargo & Company dropped their target price on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, TPG currently has a consensus rating of “Hold” and a consensus price target of $64.27.

TPG Price Performance

Shares of NASDAQ TPG opened at $49.08 on Monday. The stock has a market cap 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 firm’s 50-day simple moving average is $61.75 and its 200 day simple moving average is $61.97. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two 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.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping 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 expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The company 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. This represents a $2.12 dividend on an annualized basis and a yield of 4.32%. This is an increase from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. TPG’s dividend payout ratio is -481.82%.

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.