TPG Inc. (NASDAQ:TPG) Position Decreased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lowered its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,322 shares of the company's stock after selling 30,049 shares during the period. Frontier Capital Management Co. LLC's holdings in TPG were worth $6,556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPG. Barclays PLC grew its holdings in shares of TPG by 14,739.3% during the third quarter. Barclays PLC now owns 602,029 shares of the company's stock worth $34,652,000 after buying an additional 597,972 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of TPG by 38.7% during the third quarter. JPMorgan Chase & Co. now owns 63,449 shares of the company's stock worth $3,652,000 after purchasing an additional 17,709 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of TPG during the fourth quarter worth $33,000. Harbor Capital Advisors Inc. lifted its position in shares of TPG by 7.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 25,935 shares of the company's stock worth $1,630,000 after purchasing an additional 1,909 shares in the last quarter. Finally, Wedmont Private Capital acquired a new position in shares of TPG during the fourth quarter worth $204,000. Institutional investors and hedge funds own 94.03% of the company's stock.

Insider Transactions at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 69.98% of the company's stock.

TPG Stock Performance

TPG stock traded up $2.90 during trading on Monday, hitting $52.50. 3,531,038 shares of the company's stock traded hands, compared to its average volume of 1,167,875. The company has a quick ratio of 0.25, a current ratio of 0.18 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 stock has a fifty day moving average price of $46.73 and a two-hundred day moving average price of $58.40. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of -119.32, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business had revenue of $476.26 million for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. As a group, equities analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.64 annualized dividend and a dividend yield of 3.12%. TPG's dividend payout ratio is currently -496.97%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TPG shares. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 price target (down from $80.00) on shares of TPG in a report on Monday, April 14th. JMP Securities reaffirmed a "market perform" rating on shares of TPG in a report on Thursday, February 13th. The Goldman Sachs Group cut their price target 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. TD Cowen cut their price target 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. Finally, Citigroup cut their price target 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.08.

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.