TPG Inc. (NASDAQ:TPG) Holdings Cut by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its holdings in shares of TPG Inc. (NASDAQ:TPG) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,708,536 shares of the company’s stock after selling 73,485 shares during the quarter. TPG makes up approximately 1.6% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. TimesSquare Capital Management LLC’s holdings in TPG were worth $107,364,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in TPG by 10.1% in the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after purchasing an additional 244,373 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after purchasing an additional 992,818 shares during the last quarter. Geode Capital Management LLC grew its holdings in TPG by 7.7% in the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after purchasing an additional 102,663 shares during the last quarter. State Street Corp grew its holdings in TPG by 5.0% in the third quarter. State Street Corp now owns 1,421,981 shares of the company’s stock worth $81,849,000 after purchasing an additional 67,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in TPG by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after purchasing an additional 31,638 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Price Performance

Shares of TPG opened at $60.22 on Wednesday. The business’s 50-day moving average is $64.76 and its two-hundred day moving average is $61.29. The company has a market capitalization of $21.98 billion, a P/E ratio of -136.86, a P/E/G ratio of 0.81 and a beta of 1.49. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 25.14% and a net margin of 0.67%. Research analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.52%. This is a positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 21st. TPG’s payout ratio is -345.45%.

Wall Street Analyst Weigh In

TPG has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods lifted their price target on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. The Goldman Sachs Group lifted their price objective on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.27.

Insider Activity

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the transaction, the director now directly owns 15,841 shares of the company’s stock, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 76.48% of the company’s stock.

TPG 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.