Bank of New York Mellon Corp Has $27.49 Million Stock Position in TPG Inc. (NASDAQ:TPG)

Bank of New York Mellon Corp lowered its stake in TPG Inc. (NASDAQ:TPG) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 437,406 shares of the company’s stock after selling 143,718 shares during the quarter. Bank of New York Mellon Corp owned about 0.12% of TPG worth $27,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TPG. KBC Group NV lifted its position in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in TPG in the 4th quarter valued at $33,000. Ritholtz Wealth Management lifted its position in TPG by 21.6% during the 4th quarter. Ritholtz Wealth Management now owns 4,695 shares of the company’s stock worth $295,000 after buying an additional 833 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TPG by 5.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock worth $1,019,000 after buying an additional 965 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of TPG by 5.6% in the 4th quarter. Handelsbanken Fonder AB now owns 20,800 shares of the company’s stock valued at $1,307,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Insider Activity at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 76.48% of the stock is owned by company insiders.

TPG Trading Up 0.2 %

Shares of TPG opened at $49.08 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. TPG Inc. has a 52-week low of $39.18 and a 52-week high of $72.98. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of -111.55, a PEG ratio of 0.80 and a beta of 1.54. The business’s fifty day moving average is $61.75 and its 200-day moving average is $61.89.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a return on equity of 24.66% and a net margin of 0.67%. Equities analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.32%. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is currently -481.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TPG. Wells Fargo & Company reduced their price target on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their price objective on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.27.

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.