TPG Inc. $TPG Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in TPG Inc. by 3.4%, selling 25,212 shares and holding approximately 714,595 shares valued at $33.89 million as of the latest SEC filing.
• Major shareholder Samantha Holloway sold 21 million shares at an average price of $46.57, totaling nearly $978 million, significantly impacting TPG's stock ownership.
• TPG has announced a quarterly dividend increase to $0.59, representing an annual yield of 3.8%, up from its previous dividend of $0.41.

Charles Schwab Investment Management Inc. cut its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 714,595 shares of the company's stock after selling 25,212 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.19% of TPG worth $33,893,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TPG. Legal & General Group Plc lifted its position in shares of TPG by 25.5% during the fourth 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 last quarter. Raymond James Financial Inc. purchased a new stake in shares of TPG during the fourth quarter valued at about $615,000. Sterling Capital Management LLC lifted its position in shares of TPG by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,134 shares of the company's stock valued at $260,000 after buying an additional 1,345 shares during the last quarter. Mariner LLC lifted its position in shares of TPG by 16.3% during the fourth quarter. Mariner LLC now owns 4,151 shares of the company's stock valued at $261,000 after buying an additional 582 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of TPG during the fourth quarter valued at about $443,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,796 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $56.32, for a total value of $101,150.72. Following the transaction, the director owned 16,807 shares in the company, valued at approximately $946,570.24. This represents a 9.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 69.98% of the company's stock.

TPG Stock Up 1.4%

Shares of TPG traded up $0.85 during mid-day trading on Friday, hitting $60.94. 1,960,831 shares of the company traded hands, compared to its average volume of 1,956,324. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $23.03 billion, a PE ratio of -320.74, a price-to-earnings-growth ratio of 1.28 and a beta of 1.56. The business has a 50 day moving average of $56.34 and a 200 day moving average of $52.05.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.24. TPG had a net margin of 1.60% and a return on equity of 25.79%. The firm had revenue of $495.12 million for the quarter, compared to the consensus estimate of $470.57 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a $0.59 dividend. This is a boost from TPG's previous quarterly dividend of $0.41. The ex-dividend date is Monday, August 18th. This represents a $2.36 annualized dividend and a yield of 3.9%. TPG's dividend payout ratio is currently -1,242.11%.

Analyst Upgrades and Downgrades

Several research firms have commented on TPG. UBS Group decreased their price target on shares of TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. The Goldman Sachs Group increased their price target on shares of TPG from $61.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. BNP Paribas raised shares of TPG to a "strong-buy" rating in a research report on Wednesday, July 30th. Evercore ISI increased their price target on shares of TPG from $52.00 to $60.00 and gave the company an "in-line" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company upped their price objective on shares of TPG from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.57.

TPG Company 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.