TPG Inc. $TPG Shares Sold by South Street Advisors LLC

South Street Advisors LLC trimmed its holdings in shares of TPG Inc. (NASDAQ:TPG) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 323,825 shares of the company’s stock after selling 27,523 shares during the period. TPG comprises approximately 2.9% of South Street Advisors LLC’s investment portfolio, making the stock its 13th biggest position. South Street Advisors LLC owned approximately 0.09% of TPG worth $20,673,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in TPG by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock worth $810,827,000 after buying an additional 314,295 shares in the last quarter. Capital International Investors boosted its holdings in TPG by 3.5% during the third quarter. Capital International Investors now owns 11,682,464 shares of the company’s stock worth $671,158,000 after buying an additional 392,336 shares in the last quarter. Darlington Partners Capital Management LP bought a new stake in TPG during the second quarter worth approximately $258,581,000. Geode Capital Management LLC increased its stake in TPG by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 4,058,146 shares of the company’s stock worth $259,102,000 after purchasing an additional 216,359 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in TPG by 72.7% in the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock worth $204,960,000 after purchasing an additional 1,501,808 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TPG shares. Morgan Stanley set a $60.00 price target on TPG in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of TPG in a report on Monday, May 4th. UBS Group boosted 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. Weiss Ratings lowered shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of TPG in a report on Wednesday, March 4th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

TPG Trading Up 0.6%

Shares of NASDAQ:TPG opened at $41.86 on Friday. The firm has a fifty day moving average of $41.70 and a two-hundred day moving average of $51.55. The firm has a market capitalization of $16.09 billion, a P/E ratio of 190.28, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47. TPG Inc. has a 12-month low of $36.95 and a 12-month high of $70.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last issued its 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. The company 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 for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. On average, equities analysts expect that TPG Inc. will post 2.86 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, May 11th. TPG’s payout ratio is currently 1,072.73%.

TPG 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.