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

Jacobs Levy Equity Management Inc. lessened its position in TPG Inc. (NASDAQ:TPG) by 71.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TPG. Barclays PLC increased its stake in TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after acquiring an additional 597,972 shares during the last quarter. JPMorgan Chase & Co. increased its stake in TPG by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 63,449 shares of the company’s stock valued at $3,652,000 after acquiring an additional 17,709 shares during the last quarter. Wedmont Private Capital bought a new position in TPG in the fourth quarter valued at $204,000. Gunderson Capital Management Inc. bought a new position in TPG in the fourth quarter valued at $1,815,000. Finally, Ritholtz Wealth Management increased its stake in TPG by 21.6% in the fourth quarter. Ritholtz Wealth Management now owns 4,695 shares of the company’s stock valued at $295,000 after acquiring an additional 833 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Bradford Berenson sold 2,509 shares of TPG 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 completion of 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 the SEC website. 69.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TPG has been the topic of a number of recent research reports. Evercore ISI raised 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. TD Cowen reduced their price objective on TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group reduced their price objective on TPG from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Bank of America reduced their price objective on TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Finally, Wells Fargo & Company raised their price objective on TPG from $52.00 to $56.00 and gave the company an “overweight” rating in a research note 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 company. According to data from MarketBeat.com, TPG has a consensus rating of “Hold” and a consensus price target of $60.08.

TPG Stock Performance

TPG stock opened at $52.85 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a 1-year low of $37.52 and a 1-year high of $72.98. The firm has a 50-day moving average of $46.81 and a 200-day moving average of $58.37. The firm has a market cap of $19.53 billion, a P/E ratio of -120.11, a P/E/G ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a return on equity of 24.66% and a net margin of 0.67%. The company had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $459.75 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.64 annualized dividend and a yield of 3.10%. TPG’s dividend payout ratio (DPR) is presently -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.