KBC Group NV Sells 42,664 Shares of TPG Inc. (NASDAQ:TPG)

KBC Group NV reduced its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 92.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,696 shares of the company's stock after selling 42,664 shares during the period. KBC Group NV's holdings in TPG were worth $175,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of TPG by 62.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,590 shares of the company's stock valued at $360,000 after buying an additional 2,913 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in TPG by 27.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,250 shares of the company's stock valued at $1,396,000 after acquiring an additional 6,267 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its position in TPG by 142.3% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 315,000 shares of the company's stock valued at $14,940,000 after acquiring an additional 185,000 shares in the last quarter. Trust Co. of Vermont increased its position in TPG by 24.1% in the 1st quarter. Trust Co. of Vermont now owns 43,203 shares of the company's stock valued at $2,049,000 after acquiring an additional 8,380 shares in the last quarter. Finally, Private Wealth Partners LLC increased its position in TPG by 4.2% in the 1st quarter. Private Wealth Partners LLC now owns 15,000 shares of the company's stock valued at $711,000 after acquiring an additional 600 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Trading Up 0.3%

NASDAQ TPG traded up $0.18 during trading on Tuesday, reaching $53.17. 28,822 shares of the stock traded hands, compared to its average volume of 1,340,077. The firm has a market cap of $19.65 billion, a price-to-earnings ratio of -160.98, a price-to-earnings-growth ratio of 1.14 and a beta of 1.55. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $49.92 and its 200 day moving average price is $53.61.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data 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). TPG had a return on equity of 24.47% and a net margin of 0.90%. The company had revenue of $476.26 million for the quarter, compared to the consensus estimate of $459.75 million. During the same period in the prior year, the company earned $0.49 EPS. The firm's revenue was up 6.1% on a year-over-year basis. Analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, May 19th. TPG's dividend payout ratio is -496.97%.

Insider Activity

In other news, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 69.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wolfe Research initiated coverage on shares of TPG in a research report on Friday, June 20th. They issued an "outperform" rating and a $60.00 price objective for the company. 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. UBS Group lowered 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. Citigroup lowered their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price target on shares of TPG from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, TPG has an average rating of "Moderate Buy" and an average target price of $60.23.

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.