TPG Inc. (NASDAQ:TPG) Shares Sold by South Street Advisors LLC

South Street Advisors LLC lessened its holdings in shares of TPG Inc. (NASDAQ:TPG) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 383,670 shares of the company’s stock after selling 4,510 shares during the quarter. TPG makes up approximately 3.7% of South Street Advisors LLC’s portfolio, making the stock its 6th largest position. South Street Advisors LLC’s holdings in TPG were worth $24,110,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in TPG by 6.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after acquiring an additional 498 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in TPG by 36.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 159,800 shares of the company’s stock valued at $10,133,000 after acquiring an additional 43,000 shares during the period. Swiss National Bank increased its stake in TPG by 4.8% during the fourth quarter. Swiss National Bank now owns 151,500 shares of the company’s stock valued at $9,520,000 after acquiring an additional 6,900 shares during the period. Burkehill Global Management LP bought a new position in TPG during the fourth quarter valued at about $31,420,000. Finally, AGF Management Ltd. bought a new position in TPG during the fourth quarter valued at about $439,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Up 4.0 %

NASDAQ TPG opened at $49.51 on Tuesday. The firm has a market cap of $18.29 billion, a PE ratio of -112.52, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. TPG Inc. has a one year low of $39.18 and a one year high of $72.98. The stock’s 50 day simple moving average is $59.83 and its 200 day simple moving average is $61.89. 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 (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. As a group, sell-side analysts forecast that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.53 per share. This is an increase from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.28%. TPG’s dividend payout ratio is currently -481.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TPG shares. The Goldman Sachs Group upped their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. BMO Capital Markets upped their price objective on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, Evercore ISI upped their price objective on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, TPG currently has a consensus rating of “Hold” and an average target price of $64.27.

Insiders Place Their Bets

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 76.48% 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.