KBC Group NV Has $175,000 Holdings in TPG Inc. (NASDAQ:TPG)

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

Other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new position in TPG during the 4th quarter worth approximately $67,000. Comerica Bank boosted its position in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of TPG by 12,263.6% during the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company's stock worth $65,000 after purchasing an additional 1,349 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of TPG in the 4th quarter valued at $206,000. Finally, Baker Avenue Asset Management LP bought a new stake in shares of TPG in the 4th quarter valued at $220,000. Institutional investors and hedge funds own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

TPG has been the topic of several recent analyst reports. Wolfe Research began coverage on TPG in a report on Friday, June 20th. They set an "outperform" rating and a $60.00 target price on the stock. Citigroup dropped their target price on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America reduced their price target 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. Morgan Stanley restated an "equal weight" rating and set a $47.00 price objective (down from $80.00) on shares of TPG in a report on Monday, April 14th. Finally, The Goldman Sachs Group cut their price objective on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $60.23.

Insider Transactions at TPG

In related news, major shareholder Samantha Holloway sold 21,000,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total transaction of $977,970,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 76.48% of the company's stock.

TPG Stock Down 2.0%

TPG traded down $1.08 on Monday, hitting $52.99. 1,521,104 shares of the company were exchanged, compared to its average volume of 1,345,237. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.18 and a current ratio of 0.18. The stock's fifty day moving average is $49.80 and its 200-day moving average is $53.69. The company has a market cap of $19.58 billion, a PE ratio of -160.58, a PEG ratio of 1.14 and a beta of 1.55. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a net margin of 0.90% and a return on equity of 24.47%. The company had revenue of $476.26 million during the quarter, compared to analyst estimates of $459.75 million. During the same period in the previous year, the company posted $0.49 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.41 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.09%. TPG's payout ratio is -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.