Wellington Management Group LLP Cuts Holdings in TPG Inc. (NASDAQ:TPG)

Wellington Management Group LLP lowered its position in TPG Inc. (NASDAQ:TPG - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,323,561 shares of the company's stock after selling 1,664,410 shares during the quarter. Wellington Management Group LLP owned about 1.71% of TPG worth $397,373,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in TPG by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 8,266,047 shares of the company's stock worth $519,438,000 after buying an additional 162,107 shares in the last quarter. Franklin Resources Inc. raised its position in shares of TPG by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company's stock worth $161,921,000 after acquiring an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in TPG by 146.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company's stock valued at $96,166,000 after purchasing an additional 992,818 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $104,296,000 after purchasing an additional 1,596,254 shares in the last quarter. Finally, Norges Bank purchased a new position in TPG in the fourth quarter valued at about $100,675,000. Institutional investors own 94.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts have 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 report on Friday, December 20th. Wells Fargo & Company decreased their price target on TPG from $78.00 to $66.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Evercore ISI boosted their price target on TPG from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. BMO Capital Markets boosted their price objective on shares of TPG from $60.00 to $73.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Finally, JMP Securities reissued a "market perform" rating on shares of TPG in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $63.18.

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Insider Buying and Selling at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the transaction, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Deborah M. Messemer sold 1,695 shares of TPG 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 completion of the transaction, the director now directly owns 15,841 shares of the company's stock, valued at approximately $980,716.31. This represents a 9.67 % 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.

TPG Trading Up 4.0 %

Shares of NASDAQ TPG traded up $1.90 during trading on Wednesday, hitting $49.62. 1,163,227 shares of the company were exchanged, compared to its average volume of 1,017,330. 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 firm has a market capitalization of $18.33 billion, a PE ratio of -112.77, a P/E/G ratio of 0.80 and a beta of 1.54. The company has a fifty day moving average price of $56.11 and a 200-day moving average price of $61.73. TPG Inc. has a 12-month low of $39.18 and a 12-month high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, equities research analysts expect that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from TPG's previous quarterly dividend of $0.38. TPG's dividend payout ratio (DPR) is -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.