TPG Inc. $TPG Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its holdings in shares of TPG Inc. (NASDAQ:TPG) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,435,749 shares of the company’s stock after selling 190,572 shares during the period. William Blair Investment Management LLC’s holdings in TPG were worth $91,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in shares of TPG during the third quarter worth about $24,334,000. Fortress Investment Group LLC purchased a new position in shares of TPG during the third quarter worth about $17,167,000. Private Wealth Partners LLC grew its holdings in shares of TPG by 88.2% during the third quarter. Private Wealth Partners LLC now owns 113,880 shares of the company’s stock worth $6,542,000 after buying an additional 53,375 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of TPG during the third quarter worth about $2,059,000. Finally, Franklin Resources Inc. grew its holdings in shares of TPG by 18.9% during the third quarter. Franklin Resources Inc. now owns 2,672,272 shares of the company’s stock worth $153,522,000 after buying an additional 425,223 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of NASDAQ:TPG opened at $41.62 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. The company has a market cap of $15.99 billion, a P/E ratio of 189.19, a PEG ratio of 0.74 and a beta of 1.47. TPG Inc. has a 52 week low of $36.95 and a 52 week high of $70.38. The company has a 50-day moving average price of $41.56 and a 200 day moving average price of $51.92.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. TPG had a net margin of 3.81% and a return on equity of 28.13%. The company had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. During the same period last year, the firm earned $0.48 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Research analysts predict that TPG Inc. will post 2.86 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Monday, May 11th. TPG’s dividend payout ratio (DPR) is presently 1,072.73%.

Analyst Upgrades and Downgrades

TPG has been the topic of a number of research reports. TD Cowen lowered their price target on TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, May 18th. UBS Group raised their price target on TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Barclays raised their price target on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Citizens Jmp upgraded shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Monday, February 9th. Finally, Weiss Ratings downgraded shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.75.

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.