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

William Blair Investment Management LLC lowered its stake in shares of TPG Inc. (NASDAQ:TPG) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,435,749 shares of the company’s stock after selling 190,572 shares during the quarter. William Blair Investment Management LLC owned 0.38% of TPG worth $91,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TPG. International Assets Investment Management LLC purchased a new stake in shares of TPG during the fourth quarter worth $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 acquiring an additional 524 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of TPG by 2,496.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after acquiring an additional 649 shares during the period. PNC Financial Services Group Inc. increased its position in shares of TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after acquiring an additional 566 shares during the period. Finally, Optiver Holding B.V. purchased a new stake in shares of TPG during the third quarter worth $51,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

NASDAQ:TPG opened at $41.62 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. TPG Inc. has a 12 month low of $36.95 and a 12 month high of $70.38. The firm has a market capitalization of $15.99 billion, a PE ratio of 189.19, a price-to-earnings-growth ratio of 0.74 and a beta of 1.47. The business’s fifty day moving average price is $41.56 and its 200 day moving average price is $51.92.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.48 earnings per share. TPG’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts anticipate that TPG Inc. will post 2.86 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.7%. The ex-dividend date is Monday, May 11th. TPG’s dividend payout ratio is currently 1,072.73%.

Wall Street Analysts Forecast Growth

TPG has been the topic of a number of recent research reports. Citigroup raised TPG to an “outperform” rating in a research report on Monday, February 9th. BMO Capital Markets cut their price objective on TPG from $60.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on TPG in a research report on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $61.00 target price on shares of TPG in a report on Tuesday, May 5th. Finally, Citizens Jmp raised TPG from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Monday, February 9th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.