TPG Inc. (NASDAQ:TPG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in shares of TPG Inc. (NASDAQ:TPG) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,662 shares of the company’s stock after selling 1,900 shares during the period. New York State Common Retirement Fund’s holdings in TPG were worth $3,058,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TPG. Geode Capital Management LLC grew its position in TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after buying an additional 102,663 shares in the last quarter. International Assets Investment Management LLC grew its position in TPG by 5,656.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after buying an additional 33,936 shares in the last quarter. Gunderson Capital Management Inc. bought a new position in TPG in the 4th quarter valued at about $1,815,000. Highland Capital Management LLC grew 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in TPG by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after buying an additional 31,638 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Price Performance

TPG stock opened at $55.16 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a one year low of $39.18 and a one year high of $72.98. The firm has a market capitalization of $20.13 billion, a PE ratio of -125.36, a P/E/G ratio of 0.80 and a beta of 1.49. The firm has a 50-day moving average of $63.16 and a two-hundred day moving average of $61.83.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.84%. This is a positive change from TPG’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 21st. TPG’s dividend payout ratio is -481.82%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TPG shares. The Goldman Sachs Group increased their target price on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI raised their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. TD Cowen reduced their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, BMO Capital Markets raised their price objective on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $64.27.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 15,841 shares of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 76.48% of the stock is 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.