TPG Inc. (NASDAQ:TPG) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co trimmed its position in TPG Inc. (NASDAQ:TPG) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 71,695 shares of the company’s stock after selling 7,321 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in TPG were worth $4,503,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TPG. Marshall Wace LLP acquired a new stake in shares of TPG during the 4th quarter worth about $1,701,000. Jump Financial LLC acquired a new stake in shares of TPG during the fourth quarter valued at about $946,000. XTX Topco Ltd acquired a new position in shares of TPG in the 4th quarter worth approximately $443,000. Mariner LLC lifted its holdings in shares of TPG by 16.3% in the 4th quarter. Mariner LLC now owns 4,151 shares of the company’s stock worth $261,000 after acquiring an additional 582 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of TPG by 48.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,134 shares of the company’s stock worth $260,000 after purchasing an additional 1,345 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Trading Up 4.9 %

NASDAQ:TPG opened at $46.71 on Friday. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98. The stock has a market cap of $17.26 billion, a P/E ratio of -106.16, a P/E/G ratio of 0.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The stock has a 50-day simple moving average of $48.62 and a 200-day simple moving average of $59.81.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. As a group, analysts anticipate 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. Investors of record on Friday, February 21st were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.54%. 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 (DPR) is -481.82%.

Insider Buying and Selling

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 76.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TPG shares. JMP Securities restated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Morgan Stanley restated an “equal weight” rating and set a $47.00 target price (down from $80.00) on shares of TPG in a report on Monday, April 14th. Citigroup cut their price target on shares of TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price target on shares of TPG from $66.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of TPG from $70.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, TPG has an average rating of “Hold” and an average target price of $58.25.

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.