AQR Capital Management LLC Has $1.32 Million Stock Position in TPG Inc. (NASDAQ:TPG)

AQR Capital Management LLC trimmed its holdings in TPG Inc. (NASDAQ:TPG) by 15.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,746 shares of the company’s stock after selling 5,803 shares during the period. AQR Capital Management LLC’s holdings in TPG were worth $1,316,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of TPG by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock worth $296,000 after purchasing an additional 230 shares during the last quarter. Janney Montgomery Scott LLC grew its position in TPG by 7.2% in the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock valued at $331,000 after purchasing an additional 500 shares in the last quarter. International Assets Investment Management LLC acquired a new position in TPG during the second quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. raised its stake in TPG by 5.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock valued at $556,000 after acquiring an additional 680 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in TPG by 18.9% in the 1st quarter. Principal Financial Group Inc. now owns 6,291 shares of the company’s stock valued at $281,000 after purchasing an additional 1,000 shares during the period. 86.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TPG shares. The Goldman Sachs Group boosted their price objective on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company increased their price target on TPG from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley upped their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen decreased their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. lifted their price objective on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.55.

TPG Stock Down 0.3 %

NASDAQ TPG opened at $59.69 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $52.51 and a two-hundred day moving average of $46.69. TPG Inc. has a 52 week low of $26.62 and a 52 week high of $61.41. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of -426.33, a PEG ratio of 0.98 and a beta of 1.53.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $744.19 million during the quarter, compared to analyst estimates of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same quarter last year, the business posted $0.26 EPS. On average, analysts predict that TPG Inc. will post 2 earnings per share for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a yield of 2.81%. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s payout ratio is -1,199.91%.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of TPG stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the transaction, the director now directly owns 17,536 shares of the company’s stock, valued at $816,300.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 76.48% of the stock is currently owned by insiders.

TPG Company 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.