William Blair Investment Management LLC Sells 698,394 Shares of TPG Inc. (NASDAQ:TPG)

William Blair Investment Management LLC decreased its holdings in TPG Inc. (NASDAQ:TPG - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,920,311 shares of the company's stock after selling 698,394 shares during the quarter. William Blair Investment Management LLC owned 0.53% of TPG worth $120,672,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of TPG by 7.7% in the third 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 last quarter. Gunderson Capital Management Inc. purchased a new stake in TPG in the 4th quarter valued at $1,815,000. Highland Capital Management LLC raised its position in TPG by 21.2% in the 4th quarter. Highland Capital Management LLC now owns 51,267 shares of the company's stock valued at $3,222,000 after buying an additional 8,967 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in TPG by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company's stock worth $44,379,000 after acquiring an additional 31,638 shares during the last quarter. Finally, Cinctive Capital Management LP boosted its holdings in TPG by 65.9% during the 3rd quarter. Cinctive Capital Management LP now owns 50,435 shares of the company's stock worth $2,903,000 after acquiring an additional 20,026 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

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Insider Activity

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction 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 approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 76.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TPG shares. Keefe, Bruyette & Woods raised their price target on shares of TPG from $62.00 to $70.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. BMO Capital Markets lifted their target price on shares of TPG from $60.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Evercore ISI increased their price target on TPG from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on TPG from $78.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, JMP Securities restated a "market perform" rating on shares of TPG in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, TPG has a consensus rating of "Hold" and a consensus price target of $63.18.

TPG Stock Performance

TPG traded down $0.49 on Friday, hitting $50.00. The company's stock had a trading volume of 2,591,349 shares, compared to its average volume of 981,478. TPG Inc. has a 12 month low of $39.18 and a 12 month high of $72.98. The firm has a market cap of $18.47 billion, a P/E ratio of -113.64, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. 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 company's 50 day simple moving average is $58.94 and its 200-day simple moving average is $61.72.

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

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.24%. This is an increase from TPG's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. TPG's dividend payout ratio is presently -481.82%.

TPG 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.