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

Jacobs Levy Equity Management Inc. lowered its position in TPG Inc. (NASDAQ:TPG - Free Report) by 55.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,549 shares of the company's stock after selling 442,762 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.10% of TPG worth $20,235,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company's stock worth $62,000 after acquiring an additional 188 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of TPG by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company's stock worth $296,000 after buying an additional 230 shares during the period. KBC Group NV increased its stake in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company's stock worth $138,000 after buying an additional 482 shares during the period. International Assets Investment Management LLC purchased a new position in shares of TPG in the second quarter worth $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TPG by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company's stock worth $1,019,000 after buying an additional 965 shares during the period. Hedge funds and other institutional investors own 86.79% of the company's stock.

Analyst Upgrades and Downgrades

TPG has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of TPG from $44.00 to $49.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Morgan Stanley lifted their target price on shares of TPG from $55.00 to $73.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price objective on shares of TPG from $67.00 to $68.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. TD Cowen reduced their price objective on shares of TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of TPG from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $58.83.

TPG Stock Up 0.2 %

Shares of NASDAQ:TPG traded up $0.16 during midday trading on Thursday, reaching $69.91. The company's stock had a trading volume of 861,157 shares, compared to its average volume of 893,717. The firm has a 50 day moving average of $65.17 and a 200-day moving average of $53.00. The firm has a market capitalization of $25.52 billion, a P/E ratio of -205.14, a PEG ratio of 1.15 and a beta of 1.46. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG Inc. has a 12-month low of $36.42 and a 12-month high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. The company had revenue of $855.40 million for the quarter, compared to analysts' expectations of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same quarter in the previous year, the business posted $0.56 EPS. On average, research analysts anticipate that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.17%. The ex-dividend date was Thursday, November 14th. TPG's dividend payout ratio is -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.