Oxford Asset Management LLP Invests $265,000 in TPG Inc. (NASDAQ:TPG)

Oxford Asset Management LLP acquired a new stake in TPG Inc. (NASDAQ:TPG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,133 shares of the company’s stock, valued at approximately $265,000.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in TPG during the 4th quarter valued at about $52,189,000. Grafton Street Partners Fund LP acquired a new position in shares of TPG in the fourth quarter valued at approximately $11,479,000. Massachusetts Financial Services Co. MA increased its stake in TPG by 18.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock worth $127,634,000 after buying an additional 462,355 shares during the period. QRG Capital Management Inc. acquired a new stake in TPG during the 4th quarter worth approximately $294,000. Finally, Charles Schwab Investment Management Inc. boosted its position in TPG by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,208 shares of the company’s stock valued at $28,803,000 after buying an additional 84,891 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.

Insider Buying and Selling at TPG

In other news, CAO Martin Davidson sold 39,317 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $1,637,159.88. Following the completion of the sale, the chief accounting officer now owns 30,991 shares in the company, valued at approximately $1,290,465.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TPG news, CAO Martin Davidson sold 39,317 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $1,637,159.88. Following the completion of the sale, the chief accounting officer now owns 30,991 shares of the company’s stock, valued at $1,290,465.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman James G. Coulter sold 16,949 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $705,756.36. Following the transaction, the chairman now directly owns 386,936 shares in the company, valued at $16,112,015.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,434,129 shares of company stock valued at $101,357,132. 76.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TPG. Jefferies Financial Group reduced their price objective on TPG from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. JMP Securities reissued a “market perform” rating on shares of TPG in a research report on Tuesday, April 9th. Wells Fargo & Company raised their target price on shares of TPG from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. BMO Capital Markets reiterated a “market perform” rating and set a $42.00 price target (up previously from $36.00) on shares of TPG in a report on Wednesday, February 14th. Finally, Morgan Stanley upgraded TPG from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $43.00 to $52.00 in a research note on Friday, May 10th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.50.

TPG Price Performance

NASDAQ TPG traded up $1.29 during trading on Friday, reaching $44.16. The company’s stock had a trading volume of 292,446 shares, compared to its average volume of 770,140. TPG Inc. has a twelve month low of $25.06 and a twelve month high of $47.20. The business’s fifty day moving average price is $43.94 and its 200-day moving average price is $41.45. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. TPG had a return on equity of 21.16% and a net margin of 2.74%. The firm had revenue of $512.30 million during the quarter, compared to the consensus estimate of $452.87 million. During the same period in the prior year, the business earned $0.24 EPS. The firm’s revenue was up 64.5% compared to the same quarter last year. On average, research analysts forecast that TPG Inc. will post 2.02 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.64 dividend on an annualized basis and a yield of 3.71%. TPG’s dividend payout ratio (DPR) is -1,171.34%.

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.