TPG Inc. $TPG Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its stake in TPG Inc. (NASDAQ:TPG) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,537 shares of the company’s stock after selling 25,304 shares during the period. TD Asset Management Inc owned about 0.06% of TPG worth $14,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in TPG by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock valued at $810,827,000 after purchasing an additional 314,295 shares in the last quarter. Capital International Investors raised its position in TPG by 3.5% in the 3rd quarter. Capital International Investors now owns 11,682,464 shares of the company’s stock valued at $671,158,000 after purchasing an additional 392,336 shares in the last quarter. Darlington Partners Capital Management LP acquired a new stake in TPG in the 2nd quarter valued at about $258,581,000. Geode Capital Management LLC raised its position in TPG by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 4,058,146 shares of the company’s stock valued at $259,102,000 after purchasing an additional 216,359 shares in the last quarter. Finally, Bank of America Corp DE raised its position 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 valued at $204,960,000 after purchasing an additional 1,501,808 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Up 0.0%

TPG stock opened at $41.20 on Tuesday. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The stock has a 50 day moving average of $41.90 and a two-hundred day moving average of $50.83. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 187.28, a PEG ratio of 0.74 and a beta of 1.44.

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

TPG Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TPG shares. UBS Group increased their price target on TPG from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, May 4th. BMO Capital Markets reduced their price target on TPG from $60.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Barclays increased their price objective on TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen upgraded TPG from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Citizens Jmp upgraded TPG from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.75.

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.