TPG Inc. (NASDAQ:TPG) Shares Sold by Point72 Europe London LLP

Point72 Europe London LLP cut its stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 12.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 241,908 shares of the company's stock after selling 33,027 shares during the period. Point72 Europe London LLP owned 0.07% of TPG worth $15,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Prana Capital Management LP acquired a new stake in TPG in the 4th quarter valued at approximately $1,295,000. Nicholas Investment Partners LP grew its stake in shares of TPG by 2.6% in the 4th quarter. Nicholas Investment Partners LP now owns 66,689 shares of the company's stock valued at $4,191,000 after buying an additional 1,703 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of TPG by 6.5% in the fourth quarter. Nuveen Asset Management LLC now owns 200,149 shares of the company's stock worth $12,577,000 after buying an additional 12,163 shares during the last quarter. Meketa Capital LLC acquired a new position in TPG in the 4th quarter valued at $1,435,000. Finally, Millennium Management LLC grew its stake in shares of TPG by 66.8% in the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company's stock worth $141,001,000 after acquiring an additional 898,943 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TPG shares. Citigroup dropped their price target on shares of TPG from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their target price on shares of TPG from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. JMP Securities reiterated a "market perform" rating on shares of TPG in a report on Thursday, February 13th. UBS Group cut their target price on TPG from $72.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Morgan Stanley restated an "equal weight" rating and set a $47.00 price objective (down from $80.00) on shares of TPG in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.08.

Insider Activity at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 69.98% of the stock is currently owned by insiders.

TPG Stock Up 0.2%

Shares of NASDAQ:TPG opened at $52.93 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98. The company has a market cap of $19.56 billion, a PE ratio of -120.30, a P/E/G ratio of 0.80 and a beta of 1.58. The stock's 50-day moving average is $46.89 and its 200 day moving average is $58.33.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $476.26 million for the quarter, compared to analysts' expectations 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 period in the previous year, the firm earned $0.49 earnings per share. Sell-side analysts anticipate that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The firm also recently declared 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Monday, May 19th. TPG's payout ratio 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.

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