TPG Inc. $TPG Stock Position Reduced by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its position in TPG Inc. (NASDAQ:TPG) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,684,070 shares of the company’s stock after selling 22,445 shares during the period. TPG makes up about 1.6% of TimesSquare Capital Management LLC’s holdings, making the stock its 9th largest holding. TimesSquare Capital Management LLC’s holdings in TPG were worth $107,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of TPG by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 12,700,928 shares of the company’s stock worth $810,827,000 after buying an additional 314,295 shares during the last quarter. Capital International Investors raised its stake in TPG by 3.5% during the 3rd quarter. Capital International Investors now owns 11,682,464 shares of the company’s stock valued at $671,158,000 after purchasing an additional 392,336 shares during the last quarter. Darlington Partners Capital Management LP acquired a new position in TPG during the 2nd quarter valued at $258,581,000. Bank of America Corp DE raised its stake in TPG by 72.7% during the 3rd quarter. Bank of America Corp DE now owns 3,567,626 shares of the company’s stock valued at $204,960,000 after purchasing an additional 1,501,808 shares during the last quarter. Finally, Capital World Investors raised its stake in TPG by 5.3% during the 3rd quarter. Capital World Investors now owns 2,846,114 shares of the company’s stock valued at $163,509,000 after purchasing an additional 143,055 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TPG. Evercore set a $47.00 target price on shares of TPG in a research note on Tuesday, April 21st. TD Cowen cut their target price on shares of TPG from $48.00 to $45.00 and set a “hold” rating for the company in a research note on Monday. Citigroup upgraded shares of TPG to an “outperform” rating in a research note on Monday, February 9th. Weiss Ratings cut shares of TPG from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Barclays upped their target price on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

TPG Trading Down 1.1%

Shares of TPG stock opened at $41.35 on Tuesday. The firm has a market capitalization of $15.89 billion, a PE ratio of 187.96, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $41.65 and its two-hundred day moving average price is $52.31. TPG Inc. has a 52-week low of $36.95 and a 52-week high of $70.38.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. The firm had revenue of $557.18 million for the quarter, compared to analyst estimates of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, analysts expect that TPG Inc. will post 2.86 EPS for the current year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, May 11th. TPG’s payout ratio is 1,072.73%.

About TPG

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.