TPG Inc. (NASDAQ:TPG) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in TPG Inc. (NASDAQ:TPG - Free Report) by 68.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,773 shares of the company's stock after selling 10,284 shares during the period. Amalgamated Bank's holdings in TPG were worth $275,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TPG. Vanguard Group Inc. grew its holdings in TPG by 21.6% during the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company's stock valued at $328,826,000 after buying an additional 1,305,799 shares in the last quarter. Millennium Management LLC boosted its stake in TPG by 32.4% in the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company's stock worth $156,188,000 after buying an additional 922,571 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in TPG by 902.4% in the second quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company's stock worth $17,352,000 after buying an additional 376,848 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TPG by 5.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company's stock valued at $278,161,000 after purchasing an additional 366,306 shares during the period. Finally, Capital International Investors boosted its stake in shares of TPG by 9.6% during the first quarter. Capital International Investors now owns 3,860,883 shares of the company's stock valued at $172,581,000 after purchasing an additional 336,665 shares during the period. 86.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TPG shares. Deutsche Bank Aktiengesellschaft raised their price target on TPG from $67.00 to $69.00 and gave the company a "buy" rating in a report on Monday, November 11th. Evercore ISI raised their target price on TPG from $46.00 to $60.00 and gave the stock an "in-line" rating in a research report on Monday, October 14th. TD Cowen dropped their target price on TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on TPG from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets raised their target price on TPG from $45.00 to $60.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $57.67.

TPG Stock Up 2.7 %

NASDAQ:TPG traded up $1.76 during mid-day trading on Monday, hitting $66.43. 1,682,438 shares of the company's stock traded hands, compared to its average volume of 879,815. The company has a fifty day moving average of $61.68 and a 200 day moving average of $50.69. TPG Inc. has a twelve month low of $34.07 and a twelve month high of $70.67. The company has a market capitalization of $24.24 billion, a P/E ratio of -190.20, a P/E/G ratio of 1.08 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period in the prior year, the company posted $0.56 EPS. On average, analysts forecast that TPG Inc. will post 1.94 EPS for the current year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.29%. TPG's dividend payout ratio is currently -447.05%.

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.