Barclays PLC Lowers Stock Holdings in TPG Inc. (NASDAQ:TPG)

Barclays PLC lessened its holdings in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 81.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,179 shares of the company's stock after selling 488,850 shares during the quarter. Barclays PLC's holdings in TPG were worth $7,113,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in shares of TPG by 2,515.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company's stock worth $104,296,000 after buying an additional 1,596,254 shares during the last quarter. Gunderson Capital Management Inc. purchased a new position in TPG in the fourth quarter worth approximately $1,815,000. Raymond James Financial Inc. acquired a new stake in TPG during the fourth quarter worth $615,000. Highland Capital Management LLC raised its position in TPG by 21.2% in the fourth quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after purchasing an additional 8,967 shares during the period. Finally, Keystone Investors PTE Ltd. acquired a new position in shares of TPG in the 4th quarter valued at $12,705,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 76.48% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on TPG. Evercore ISI upped 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. Citigroup decreased their price objective on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their target price on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Bank of America decreased their price target 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, TD Cowen cut their price objective on TPG from $65.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $58.25.

TPG Stock Up 0.5 %

TPG stock traded up $0.21 during trading on Monday, reaching $46.75. The stock had a trading volume of 611,348 shares, compared to its average volume of 1,132,623. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $48.34 and a 200 day moving average price of $59.72. The stock has a market cap of $17.27 billion, a PE ratio of -106.25, a P/E/G ratio of 0.80 and a beta of 1.58. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (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%. On average, analysts predict that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business 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. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.53%. This is a boost from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio (DPR) is presently -481.82%.

TPG Company 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.