251,721 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in TPG Inc. (NASDAQ:TPG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 251,721 shares of the company's stock, valued at approximately $15,818,000. Point72 Asset Management L.P. owned about 0.07% of TPG as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank grew its stake in TPG by 71.4% in the 4th quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after buying an additional 450 shares during the last quarter. R Squared Ltd acquired a new position in TPG in the 4th quarter valued at $97,000. Wedmont Private Capital acquired a new stake in shares of TPG during the fourth quarter worth $204,000. Stifel Financial Corp bought a new stake in shares of TPG in the fourth quarter valued at about $206,000. Finally, Baker Avenue Asset Management LP acquired a new position in shares of TPG in the fourth quarter valued at about $220,000. Institutional investors and hedge funds own 94.03% of the company's stock.

Analysts Set New Price Targets

TPG has been the subject of a number of recent research reports. TD Cowen cut their price objective on shares of TPG from $65.00 to $42.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company increased their price target on TPG from $52.00 to $56.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group lowered their price objective on TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 price objective (down from $80.00) on shares of TPG in a report on Monday, April 14th. Finally, Bank of America dropped 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. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $60.08.

Insider Buying and Selling

In other news, General Counsel Bradford Berenson sold 2,509 shares of the firm's 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 owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is owned by corporate insiders.

TPG Price Performance

Shares of TPG traded down $2.63 during mid-day trading on Wednesday, reaching $47.27. The company had a trading volume of 10,162,359 shares, compared to its average volume of 1,216,306. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of -107.43, a P/E/G ratio of 0.80 and a beta of 1.58. 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's 50 day simple moving average is $47.14 and its 200 day simple moving average is $57.80. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98.

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

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Monday, May 19th. TPG's dividend payout ratio is currently -496.97%.

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.