TimesSquare Capital Management LLC Cuts Holdings in TPG Inc. (NASDAQ:TPG)

TimesSquare Capital Management LLC lessened its stake in TPG Inc. (NASDAQ:TPG - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,029,511 shares of the company's stock after selling 181,600 shares during the period. TPG accounts for approximately 1.3% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 20th largest holding. TimesSquare Capital Management LLC owned about 0.66% of TPG worth $87,614,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of TPG by 327.6% during the fourth quarter. Signaturefd LLC now owns 945 shares of the company's stock worth $41,000 after buying an additional 724 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of TPG in the third quarter valued at about $30,000. Harvest Fund Management Co. Ltd purchased a new position in shares of TPG in the fourth quarter worth about $51,000. SG Americas Securities LLC acquired a new stake in shares of TPG during the fourth quarter worth about $164,000. Finally, Truist Financial Corp purchased a new stake in TPG in the fourth quarter valued at approximately $203,000. 86.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on TPG. TheStreet cut TPG from a "c" rating to a "d" rating in a research report on Monday, March 18th. JMP Securities restated a "market perform" rating on shares of TPG in a research note on Tuesday, April 9th. Wells Fargo & Company increased their price objective on shares of TPG from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, February 14th. The Goldman Sachs Group restated a "buy" rating on shares of TPG in a research report on Monday, April 1st. Finally, UBS Group increased their target price on TPG from $45.00 to $50.00 and gave the company a "buy" rating in a report on Friday, April 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $40.25.

TPG Trading Down 1.4 %

NASDAQ TPG traded down $0.59 during trading on Thursday, hitting $42.93. The stock had a trading volume of 943,206 shares, compared to its average volume of 771,128. The firm has a 50 day moving average price of $44.37 and a 200 day moving average price of $40.38. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28. TPG Inc. has a twelve month low of $24.74 and a twelve month high of $47.20. The company has a market capitalization of $15.66 billion, a PE ratio of -1,074.75, a PEG ratio of 0.75 and a beta of 1.60.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06. TPG had a net margin of 3.35% and a return on equity of 18.69%. The business had revenue of $512.30 million during the quarter, compared to the consensus estimate of $452.87 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company's quarterly revenue was up 64.5% compared to the same quarter last year. As a group, equities research analysts forecast that TPG Inc. will post 2.09 earnings per share for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Friday, May 17th. TPG's dividend payout ratio is presently -4,400.00%.

Insider Transactions at TPG

In other news, CEO Jon Winkelried sold 1,000,000 shares of the company's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $41,640,000.00. Following the completion of the transaction, the chief executive officer now owns 3,326,460 shares in the company, valued at approximately $138,513,794.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Anilu Vazquez-Ubarri sold 101,937 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $4,244,656.68. Following the transaction, the chief operating officer now owns 333,711 shares in the company, valued at approximately $13,895,726.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jon Winkelried sold 1,000,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $41,640,000.00. Following the sale, the chief executive officer now directly owns 3,326,460 shares of the company's stock, valued at $138,513,794.40. The disclosure for this sale can be found here. In the last three months, insiders sold 2,434,129 shares of company stock valued at $101,357,132. Insiders own 78.72% of the company's stock.

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.

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