Nuveen Asset Management LLC Increases Holdings in TPG Inc. (NASDAQ:TPG)

Nuveen Asset Management LLC boosted its stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,149 shares of the company's stock after acquiring an additional 12,163 shares during the quarter. Nuveen Asset Management LLC owned about 0.05% of TPG worth $12,577,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company's stock valued at $34,652,000 after purchasing an additional 597,972 shares during the period. KBC Group NV grew its position in shares of TPG by 1,827.7% during the 4th quarter. KBC Group NV now owns 46,360 shares of the company's stock valued at $2,913,000 after acquiring an additional 43,955 shares during the period. SteelPeak Wealth LLC acquired a new stake in shares of TPG during the 4th quarter valued at about $628,000. R Squared Ltd purchased a new position in TPG in the 4th quarter valued at about $97,000. Finally, Highland Capital Management LLC lifted its stake in TPG by 21.2% in the 4th quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after buying an additional 8,967 shares in the last quarter. Institutional investors own 94.03% of the company's stock.

Insiders Place Their Bets

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of TPG stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $46.57, for a total transaction of $977,970,000.00. The disclosure for this sale can be found here. Corporate insiders own 69.98% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Bank of America reduced their target price on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a report on Friday, April 4th. TD Cowen lowered their target price on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reiterated an "equal weight" rating and issued a $47.00 price target (down from $80.00) on shares of TPG in a research report on Monday, April 14th. 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $60.25.

TPG Stock Performance

TPG stock traded down $0.78 on Friday, hitting $47.72. The company's stock had a trading volume of 2,699,257 shares, compared to its average volume of 1,259,973. The firm has a market cap of $17.63 billion, a P/E ratio of -108.45, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $46.70 and a 200-day moving average price of $56.79. TPG Inc. has a one year low of $37.52 and a one year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The company had revenue of $476.26 million for the quarter, compared to the consensus estimate of $459.75 million. TPG had a return on equity of 24.66% and a net margin of 0.67%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. On average, equities analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

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

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.