Massachusetts Financial Services Co. MA Reduces Stake in TPG Inc. (NASDAQ:TPG)

Massachusetts Financial Services Co. MA trimmed its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,160,631 shares of the company's stock after selling 117,518 shares during the period. Massachusetts Financial Services Co. MA owned 1.69% of TPG worth $387,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of TPG during the 4th quarter worth $33,000. R Squared Ltd bought a new stake in shares of TPG in the fourth quarter valued at approximately $97,000. Quarry LP boosted its holdings in TPG by 136.2% in 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 during the period. Wedmont Private Capital bought a new position in TPG in the 4th quarter worth approximately $204,000. Finally, Shoker Investment Counsel Inc. raised its holdings in TPG by 10.4% during the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company's stock valued at $244,000 after acquiring an additional 366 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Trading Down 1.8 %

NASDAQ TPG traded down $0.74 on Monday, hitting $40.25. The company's stock had a trading volume of 1,607,191 shares, compared to its average volume of 1,052,214. The firm has a market cap of $14.87 billion, a P/E ratio of -91.36, a PEG ratio of 0.80 and a beta of 1.58. The company's 50-day simple moving average is $54.99 and its 200 day simple moving average is $61.54. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

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TPG (NASDAQ:TPG - Get Free Report) last released 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 net margin of 0.67% and a return on equity of 24.66%. Research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.53 per share. This is a boost from TPG's previous quarterly dividend of $0.38. This represents a $2.12 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Friday, February 21st. TPG's dividend payout ratio (DPR) is -481.82%.

Insider Activity

In related news, Director Deborah M. Messemer sold 1,695 shares of the company's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now owns 15,841 shares in the company, valued at $980,716.31. The trade was a 9.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 76.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JMP Securities reiterated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price target on shares of TPG from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on TPG from $62.00 to $70.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Bank of America decreased their target price on TPG from $72.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Wells Fargo & Company cut their price target on shares of TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, TPG presently has a consensus rating of "Hold" and a consensus 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.