TPG Inc. (NASDAQ:TPG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in TPG Inc. (NASDAQ:TPG) by 13.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,521 shares of the company’s stock after selling 1,608 shares during the quarter. Victory Capital Management Inc.’s holdings in TPG were worth $606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in TPG by 5,656.0% in the third quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after purchasing an additional 33,936 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in TPG during the 2nd quarter worth $1,057,000. Millennium Management LLC raised its stake in TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after acquiring an additional 922,571 shares in the last quarter. Quest Partners LLC purchased a new stake in TPG in the second quarter valued at $606,000. Finally, California State Teachers Retirement System boosted its stake in TPG by 32.5% in the first quarter. California State Teachers Retirement System now owns 78,113 shares of the company’s stock valued at $3,492,000 after acquiring an additional 19,175 shares in the last quarter. Institutional investors and hedge funds own 86.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TPG shares. JPMorgan Chase & Co. upped their target price on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen decreased their price objective on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company lifted their price objective on shares of TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, TPG has a consensus rating of “Hold” and a consensus target price of $58.83.

TPG Stock Performance

Shares of TPG stock opened at $69.81 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $64.09 and a 200-day simple moving average of $52.07. The company has a market cap of $25.48 billion, a price-to-earnings ratio of -205.32, a price-to-earnings-growth ratio of 1.19 and a beta of 1.49. TPG Inc. has a 12-month low of $34.07 and a 12-month high of $72.98.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. 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 company posted $0.56 earnings per share. On average, equities analysts forecast that TPG Inc. will post 1.95 EPS for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, November 14th. TPG’s dividend payout ratio (DPR) is -447.05%.

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.