TPG Inc. $TPG Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its holdings in TPG Inc. (NASDAQ:TPG) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,537 shares of the company’s stock after selling 25,304 shares during the quarter. TD Asset Management Inc’s holdings in TPG were worth $14,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in TPG during the fourth quarter worth $38,000. EverSource Wealth Advisors LLC raised its holdings in TPG by 2,496.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after purchasing an additional 649 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TPG by 268.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 524 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in TPG by 252.7% during the third quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after purchasing an additional 566 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in TPG during the third quarter worth $51,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TPG. Weiss Ratings cut TPG from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Evercore set a $47.00 price objective on TPG in a report on Tuesday, April 21st. Barclays lifted their price objective on TPG from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets dropped their price target on TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price target on TPG in a research report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, TPG presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

TPG Stock Performance

TPG stock opened at $41.20 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a fifty day moving average of $41.90 and a two-hundred day moving average of $50.83. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 187.28, a PEG ratio of 0.74 and a beta of 1.44. TPG Inc. has a fifty-two week low of $36.95 and a fifty-two week high of $70.38.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $557.18 million during the quarter, compared to the consensus estimate of $608.07 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, analysts anticipate that TPG Inc. will post 2.86 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.7%. TPG’s payout ratio is currently 1,072.73%.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.