Deutsche Bank AG Sells 141,122 Shares of TPG Inc. (NASDAQ:TPG)

Deutsche Bank AG cut its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 90.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,663 shares of the company's stock after selling 141,122 shares during the quarter. Deutsche Bank AG's holdings in TPG were worth $984,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Concentric Capital Strategies LP acquired a new stake in shares of TPG in the fourth quarter valued at approximately $2,348,000. Azora Capital LP acquired a new stake in shares of TPG in the 4th quarter valued at $12,187,000. Balyasny Asset Management L.P. increased its stake in shares of TPG by 179.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 941,823 shares of the company's stock valued at $59,184,000 after buying an additional 604,434 shares during the period. Baker Avenue Asset Management LP bought a new stake in shares of TPG during the fourth quarter worth $220,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of TPG during the fourth quarter valued at $20,549,000. 94.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Samantha Holloway sold 21,000,000 shares of TPG stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total value of $977,970,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the sale, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86% decrease in their position. The disclosure for this sale can be found here. 69.98% of the stock is currently owned by company insiders.

TPG Trading Down 1.6%

Shares of TPG stock traded down $0.78 on Friday, hitting $47.72. The stock had a trading volume of 2,699,257 shares, compared to its average volume of 1,260,116. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a twelve month low of $37.52 and a twelve month high of $72.98. The company has a fifty day moving average price of $46.70 and a two-hundred day moving average price of $56.85. The firm has a market cap of $17.63 billion, a P/E ratio of -108.45, a PEG ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The business had revenue of $476.26 million during the quarter, compared to analyst estimates of $459.75 million. TPG had a net margin of 0.67% and a return on equity of 24.66%. The firm's revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. As a group, analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, May 19th. TPG's dividend payout ratio is -496.97%.

Analysts Set New Price Targets

A number of brokerages recently commented on TPG. Citigroup lowered their price objective on TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. TD Cowen lowered their price target on shares of TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Evercore ISI boosted their price target 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. JMP Securities restated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $60.25.

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.