TPG Inc. (NASDAQ:TPG) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 380,036 shares of the company's stock after selling 122,818 shares during the period. Voloridge Investment Management LLC owned approximately 0.10% of TPG worth $23,881,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TPG. Vanguard Group Inc. grew its position in shares of TPG by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company's stock valued at $519,438,000 after purchasing an additional 162,107 shares in the last quarter. Capital World Investors lifted its position in TPG by 484.6% during the fourth quarter. Capital World Investors now owns 3,065,321 shares of the company's stock worth $192,625,000 after buying an additional 2,541,013 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in TPG by 43.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,253,070 shares of the company's stock worth $141,584,000 after buying an additional 683,572 shares during the last quarter. Millennium Management LLC grew its holdings in TPG by 66.8% in the 4th quarter. Millennium Management LLC now owns 2,243,815 shares of the company's stock valued at $141,001,000 after buying an additional 898,943 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in TPG by 10.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,720,309 shares of the company's stock valued at $108,105,000 after buying an additional 169,105 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TPG shares. Citigroup reduced their price target on TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Evercore ISI lifted their target price on shares of TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their target price on shares of TPG from $70.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Bank of America dropped their price target on shares of TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $60.08.

TPG Stock Performance

NASDAQ:TPG opened at $47.27 on Thursday. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. 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 has a 50 day moving average price of $47.13 and a 200 day moving average price of $57.73. The stock has a market capitalization of $17.46 billion, a P/E ratio of -107.43, a PEG ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results 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 return on equity of 24.66% and a net margin of 0.67%. The firm had revenue of $476.26 million for the quarter, compared to analysts' expectations of $459.75 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Monday, May 19th. TPG's dividend payout ratio (DPR) is -496.97%.

Insider Activity at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction on 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 transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 76.48% of the stock is currently owned by company 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.

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