UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in TPG Inc. (NASDAQ:TPG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 41.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,739 shares of the company's stock after selling 134,252 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of TPG worth $11,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Two Sigma Advisers LP acquired a new position in TPG in the fourth quarter valued at $270,000. Two Sigma Investments LP raised its position in shares of TPG by 33.6% in the 4th quarter. Two Sigma Investments LP now owns 141,797 shares of the company's stock worth $8,911,000 after acquiring an additional 35,662 shares in the last quarter. Scientech Research LLC acquired a new position in shares of TPG in the 4th quarter valued at about $1,257,000. Point72 Asset Management L.P. bought a new stake in shares of TPG during the 4th quarter valued at about $15,818,000. Finally, Prana Capital Management LP acquired a new stake in TPG during the fourth quarter worth approximately $1,295,000. Institutional investors and hedge funds own 94.03% of the company's stock.

TPG Stock Up 0.8%

NASDAQ TPG traded up $0.40 during trading hours on Tuesday, hitting $48.59. The company's stock had a trading volume of 921,358 shares, compared to its average volume of 1,260,260. The company has a market capitalization of $17.95 billion, a PE ratio of -110.43, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98. The company's 50-day simple moving average is $46.64 and its two-hundred day simple moving average is $56.61.

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

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Monday, May 19th. TPG's dividend payout ratio (DPR) is presently -496.97%.

Insider Buying and Selling at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Samantha Holloway sold 21,000,000 shares of TPG 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 disclosure for this sale can be found here. Company insiders own 69.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. JMP Securities reiterated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company increased their target price on shares of TPG from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Citigroup reduced their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen dropped their price objective on shares of TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TPG has a consensus rating of "Hold" and a consensus price target of $60.25.

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.