Principal Financial Group Inc. Sells 1,221 Shares of TPG Inc. (NASDAQ:TPG)

Principal Financial Group Inc. lowered its position in TPG Inc. (NASDAQ:TPG) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,847 shares of the company’s stock after selling 1,221 shares during the quarter. Principal Financial Group Inc.’s holdings in TPG were worth $305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in TPG during the 4th quarter valued at $33,000. R Squared Ltd purchased a new position in shares of TPG during the 4th quarter valued at about $97,000. Covestor Ltd grew its position in shares of TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares during the period. KBC Group NV grew its position in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after acquiring an additional 482 shares during the period. Finally, Quarry LP boosted its holdings in TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after buying an additional 1,846 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

Insider Buying and Selling at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the sale, the director now directly owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 76.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TPG has been the topic of a number of research reports. JMP Securities reissued a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Keefe, Bruyette & Woods lifted their price target on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. The Goldman Sachs Group boosted their target price on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company decreased their price objective on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Seven 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.com, the company presently has a consensus rating of “Hold” and an average price target of $64.27.

TPG Trading Up 0.2 %

NASDAQ:TPG opened at $49.08 on Friday. The firm has a market cap of $18.13 billion, a P/E ratio of -111.55, a PEG ratio of 0.80 and a beta of 1.54. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $62.05 and its 200-day simple moving average is $61.79. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping 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%. Equities analysts anticipate 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 issued a $0.53 dividend. This is a positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.32%. 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.