TPG Inc. (NASDAQ:TPG) Stock Holdings Trimmed by National Bank of Canada FI

National Bank of Canada FI lessened its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 40.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,500 shares of the company's stock after selling 39,421 shares during the quarter. National Bank of Canada FI's holdings in TPG were worth $3,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TPG. Geode Capital Management LLC grew its stake in shares of TPG by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company's stock worth $83,023,000 after purchasing an additional 102,663 shares during the period. JPMorgan Chase & Co. grew its position in TPG by 2,515.8% during the fourth 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 period. Gunderson Capital Management Inc. purchased a new position in TPG in the fourth quarter valued at about $1,815,000. Raymond James Financial Inc. acquired a new stake in shares of TPG during the 4th quarter valued at approximately $615,000. Finally, Highland Capital Management LLC lifted its position in shares of TPG by 21.2% during the 4th quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after acquiring an additional 8,967 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

Insider Activity

In related news, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred 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 sale, the director now owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 76.48% of the company's stock.

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TPG Stock Up 1.8 %

TPG stock traded up $0.79 during trading on Friday, reaching $44.59. 2,045,526 shares of the company's stock were exchanged, compared to its average volume of 1,098,179. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of -101.34, a PEG ratio of 0.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The company's 50-day moving average is $51.73 and its two-hundred day moving average is $60.73.

TPG (NASDAQ:TPG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 earnings per share for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.53 dividend. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a yield of 4.75%. TPG's dividend payout ratio (DPR) is -481.82%.

Wall Street Analysts Forecast Growth

TPG has been the subject of several research analyst reports. Evercore ISI raised their price objective on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price target on shares of TPG from $66.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday. Bank of America dropped their price target on TPG from $72.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, April 4th. TD Cowen cut their price objective on shares of TPG from $65.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, Citigroup decreased their target price on shares of TPG from $72.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, TPG presently has an average rating of "Moderate Buy" and a consensus price target of $59.62.

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.