Jacobs Levy Equity Management Inc. Lowers Stock Position in TPG Inc. (NASDAQ:TPG)

Jacobs Levy Equity Management Inc. decreased its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 71.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,037 shares of the company's stock after selling 252,512 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in TPG were worth $6,223,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Comerica Bank grew its holdings in shares of TPG by 71.4% in the fourth quarter. Comerica Bank now owns 1,080 shares of the company's stock valued at $68,000 after purchasing an additional 450 shares during the period. R Squared Ltd purchased a new stake in shares of TPG in the fourth quarter valued at about $97,000. Wedmont Private Capital purchased a new stake in shares of TPG in the fourth quarter valued at about $204,000. Stifel Financial Corp purchased a new stake in shares of TPG in the fourth quarter valued at about $206,000. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of TPG in the fourth quarter valued at about $220,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TPG shares. JMP Securities reissued a "market perform" rating on shares of TPG in a report on Thursday, February 13th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $47.00 target price (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. Bank of America decreased their target price on shares of TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. 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 research report on Thursday, April 3rd. Finally, Wells Fargo & Company upped their target price on shares of TPG from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $60.08.

Insider Activity at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction that occurred 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 sale, the general counsel now owns 290,841 shares of the company's stock, valued at $14,553,683.64. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 69.98% of the stock is owned by corporate insiders.

TPG Stock Up 1.2%

Shares of TPG traded up $0.62 during mid-day trading on Friday, hitting $51.91. 934,685 shares of the company's stock were exchanged, compared to its average volume of 1,176,846. The company has a market cap of $19.18 billion, a price-to-earnings ratio of -117.98, a P/E/G ratio of 0.80 and a beta of 1.58. 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 stock's 50-day moving average is $47.05 and its 200-day moving average is $58.10.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) 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 analyst estimates of $459.75 million. TPG had a return on equity of 24.66% and a net margin of 0.67%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. On average, sell-side analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal 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 $0.41 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.64 annualized dividend and a yield of 3.16%. TPG's dividend payout ratio (DPR) is -496.97%.

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.