TPG Inc. (NASDAQ:TPG) Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of TPG Inc. (NASDAQ:TPG) by 83.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,129 shares of the company’s stock after selling 61,658 shares during the quarter. Victory Capital Management Inc.’s holdings in TPG were worth $503,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TPG. Vanguard Group Inc. boosted its stake in TPG by 21.6% during the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Norges Bank bought a new position in TPG during the 4th quarter valued at $52,189,000. Capital International Investors boosted its stake in TPG by 9.6% during the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after acquiring an additional 336,665 shares during the last quarter. Putnam Investments LLC lifted its position in shares of TPG by 8.6% in the 4th quarter. Putnam Investments LLC now owns 2,362,082 shares of the company’s stock worth $101,971,000 after buying an additional 187,183 shares during the last quarter. Finally, South Street Advisors LLC lifted its position in shares of TPG by 62.0% in the 4th quarter. South Street Advisors LLC now owns 430,573 shares of the company’s stock worth $18,588,000 after buying an additional 164,845 shares during the last quarter. 86.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TPG shares. TD Cowen reduced their price target on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Wells Fargo & Company started coverage on shares of TPG in a research report on Thursday, September 12th. They issued an “overweight” rating and a $60.00 price target on the stock. The Goldman Sachs Group raised their price target on shares of TPG from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

TPG Stock Down 1.0 %

TPG stock opened at $58.72 on Monday. The stock has a market cap of $21.41 billion, a PE ratio of -419.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.52. 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 firm’s 50-day simple moving average is $49.62 and its 200 day simple moving average is $45.34. TPG Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $60.35.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. The firm had revenue of $744.19 million for the quarter, compared to analysts’ expectations of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same quarter last year, the company earned $0.26 EPS. As a group, sell-side analysts predict that TPG Inc. will post 2.01 EPS for the current year.

TPG Increases Dividend

The business also recently announced 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. This is a boost from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.68 annualized dividend and a yield of 2.86%. TPG’s dividend payout ratio (DPR) is presently -1,200.00%.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the transaction, the director now owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 76.48% of the stock is owned by corporate insiders.

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.