Alliancebernstein L.P. Cuts Holdings in TPG Inc. (NASDAQ:TPG)

Alliancebernstein L.P. reduced its position in TPG Inc. (NASDAQ:TPG - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,176,690 shares of the company's stock after selling 155,066 shares during the period. Alliancebernstein L.P. owned approximately 0.32% of TPG worth $73,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in TPG by 19.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company's stock valued at $1,357,000 after acquiring an additional 3,802 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TPG by 5.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company's stock valued at $1,019,000 after purchasing an additional 965 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of TPG by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,991 shares of the company's stock valued at $18,591,000 after purchasing an additional 8,615 shares in the last quarter. Edgestream Partners L.P. purchased a new position in TPG during the third quarter worth about $342,000. Finally, Quarry LP lifted its position in shares of TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company's stock worth $184,000 after buying an additional 1,846 shares in the last quarter. Institutional investors own 94.03% of the company's stock.

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Insider Activity

In other news, General Counsel Bradford Berenson sold 2,509 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares of the company's stock, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 76.48% of the company's stock.

TPG Stock Performance

TPG stock traded up $0.53 during mid-day trading on Tuesday, reaching $42.13. The company's stock had a trading volume of 539,453 shares, compared to its average volume of 1,433,201. The firm's fifty day moving average price is $54.49 and its two-hundred day moving average price is $61.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $72.98. The company has a market capitalization of $15.56 billion, a P/E ratio of -95.74, a PEG ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG - Get Free Report) last posted 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%. Sell-side analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently announced 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 represents a $2.12 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from TPG's previous quarterly dividend of $0.38. TPG's payout ratio is presently -481.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TPG shares. The Goldman Sachs Group decreased their price target on TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods lifted their target price on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. JMP Securities restated a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. BMO Capital Markets lifted their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Finally, Evercore ISI increased their target price on shares of TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $62.42.

About TPG

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.