TPG Inc. $TPG Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of TPG Inc. (NASDAQ:TPG) by 90.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,863 shares of the company’s stock after selling 17,083 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in TPG were worth $119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after buying an additional 524 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of TPG in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC lifted its holdings in shares of TPG by 2,496.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock valued at $43,000 after purchasing an additional 649 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TPG by 252.7% in the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock valued at $45,000 after purchasing an additional 566 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of TPG in the third quarter valued at about $51,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Performance

NASDAQ:TPG opened at $41.19 on Friday. The firm has a 50 day simple moving average of $41.88 and a 200-day simple moving average of $50.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $15.83 billion, a PE ratio of 187.24, a P/E/G ratio of 0.76 and a beta of 1.44. TPG Inc. has a 1-year low of $36.95 and a 1-year high of $70.38.

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

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s payout ratio is currently 1,072.73%.

Analyst Upgrades and Downgrades

TPG has been the topic of several recent research reports. BMO Capital Markets reduced their price target on shares of TPG from $60.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Morgan Stanley set a $60.00 price target on shares of TPG in a report on Tuesday, April 21st. Citizens Jmp raised shares of TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Monday, February 9th. UBS Group upped their price target on shares of TPG from $54.00 to $59.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, TD Cowen reduced their price target on shares of TPG from $48.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, TPG has a consensus rating of “Moderate Buy” and an average price target of $61.75.

TPG Company Profile

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.