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

KBC Group NV cut its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 92.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPG. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 1,349 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in TPG during the fourth quarter worth approximately $67,000. Comerica Bank increased its position in TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock worth $68,000 after buying an additional 450 shares during the last quarter. Vicus Capital acquired a new position in TPG during the first quarter worth approximately $204,000. Finally, Stifel Financial Corp acquired a new position in TPG during the fourth quarter worth approximately $206,000. 94.03% of the stock is currently owned by institutional investors.

TPG Stock Up 3.3%

Shares of TPG traded up $1.79 during trading hours on Thursday, hitting $55.99. The stock had a trading volume of 2,126,752 shares, compared to its average volume of 1,355,195. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a 50 day simple moving average of $50.20 and a 200-day simple moving average of $53.62. The firm has a market capitalization of $20.69 billion, a P/E ratio of -169.67, a price-to-earnings-growth ratio of 1.13 and a beta of 1.55. 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 released its quarterly 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 company had revenue of $476.26 million for the quarter, compared to analyst estimates of $459.75 million. TPG had a net margin of 0.90% and a return on equity of 24.47%. TPG's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Sell-side 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. Shareholders of record on Monday, May 19th were given a dividend of $0.41 per share. The ex-dividend date was Monday, May 19th. This represents a $1.64 annualized dividend and a dividend yield of 2.93%. TPG's dividend payout ratio is currently -496.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TPG shares. Wells Fargo & Company upped their target price on TPG from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. UBS Group cut their price target on TPG from $72.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Citigroup cut their price target on TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their price target on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, 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 note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, TPG currently has an average rating of "Moderate Buy" and an average price target of $59.15.

Insider Activity at TPG

In other TPG 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 transaction of $977,970,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 69.98% of the stock is currently owned by corporate insiders.

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.