TimesSquare Capital Management LLC Has $102.57 Million Stake in TPG Inc. (NASDAQ:TPG)

TimesSquare Capital Management LLC reduced its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,782,021 shares of the company's stock after selling 22,346 shares during the quarter. TPG accounts for 1.5% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. TimesSquare Capital Management LLC owned about 0.49% of TPG worth $102,573,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in TPG by 45.2% during the first quarter. Swiss National Bank now owns 155,100 shares of the company's stock worth $6,933,000 after buying an additional 48,300 shares during the last quarter. Capital International Investors grew its holdings in 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 last quarter. Seven Eight Capital LP acquired a new stake in shares of TPG in the first quarter worth $935,000. Vanguard Group Inc. lifted its stake in shares of TPG by 21.6% in the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company's stock worth $328,826,000 after buying an additional 1,305,799 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of TPG by 5,656.0% in the third quarter. International Assets Investment Management LLC now owns 34,536 shares of the company's stock worth $1,988,000 after buying an additional 33,936 shares during the last quarter. 86.79% of the stock is owned by institutional investors and hedge funds.

TPG Price Performance

Shares of TPG traded down $0.21 during trading hours on Friday, hitting $66.22. The stock had a trading volume of 541,450 shares, compared to its average volume of 1,205,815. The company's fifty day moving average is $59.96 and its two-hundred day moving average is $49.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. TPG Inc. has a 52 week low of $30.99 and a 52 week high of $69.86. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of -194.76, a P/E/G ratio of 1.08 and a beta of 1.49.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting analysts' consensus estimates of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, analysts anticipate 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. Stockholders of record on Thursday, November 14th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, November 14th. TPG's dividend payout ratio is -494.10%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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 upped their target price on shares of TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. BMO Capital Markets upped their target price on shares of TPG from $45.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. TD Cowen cut their target price on shares of TPG from $62.00 to $58.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group upped their target price on shares of TPG from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TPG currently has a consensus rating of "Hold" and a consensus price target of $57.50.

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.