Barclays PLC Trims Position in TPG Inc. (NASDAQ:TPG)

Barclays PLC trimmed its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 81.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,179 shares of the company's stock after selling 488,850 shares during the quarter. Barclays PLC's holdings in TPG were worth $7,113,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its stake in TPG by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,134 shares of the company's stock valued at $260,000 after purchasing an additional 1,345 shares in the last quarter. Harbert Fund Advisors Inc. acquired a new stake in shares of TPG in the 4th quarter valued at about $943,000. Treasurer of the State of North Carolina grew its stake in shares of TPG by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company's stock valued at $2,322,000 after buying an additional 230 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of TPG in the 4th quarter valued at about $615,000. Finally, Legal & General Group Plc grew its stake in shares of TPG by 25.5% in the 4th quarter. Legal & General Group Plc now owns 75,034 shares of the company's stock valued at $4,715,000 after buying an additional 15,248 shares during the period. 94.03% of the stock is owned by institutional investors.

TPG Price Performance

TPG stock traded down $0.55 during midday trading on Wednesday, hitting $46.45. 936,897 shares of the company's stock were exchanged, compared to its average volume of 1,134,866. The stock has a 50-day moving average price of $47.64 and a two-hundred day moving average price of $59.45. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The company has a market cap of $17.16 billion, a P/E ratio of -105.57, a PEG ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. On average, equities research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.53 dividend. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Friday, February 21st. TPG's payout ratio is -481.82%.

Analysts Set New Price Targets

TPG has been the subject of a number of analyst reports. Bank of America cut their price target on TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Evercore ISI lifted their price target on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Morgan Stanley reiterated an "equal weight" rating and set a $47.00 price target (down previously from $80.00) on shares of TPG in a research note on Monday, April 14th. Wells Fargo & Company cut their price target on TPG from $66.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities restated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $58.25.

Insiders Place Their Bets

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares of the company's stock, valued at $14,553,683.64. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 76.48% of the company's stock.

About TPG

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.