Arizona State Retirement System Has $654,000 Stock Position in TPG Inc. (NASDAQ:TPG)

Arizona State Retirement System cut its position in TPG Inc. (NASDAQ:TPG) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,156 shares of the company’s stock after selling 273 shares during the period. Arizona State Retirement System’s holdings in TPG were worth $654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in TPG in the third quarter worth approximately $30,000. State of Wyoming bought a new position in shares of TPG in the 2nd quarter worth $31,000. Citigroup Inc. acquired a new stake in TPG in the 1st quarter valued at $33,000. MetLife Investment Management LLC bought a new stake in TPG during the 2nd quarter valued at $60,000. Finally, BNP Paribas Arbitrage SNC acquired a new position in TPG during the third quarter worth $61,000. 86.79% of the stock is owned by institutional investors.

TPG Stock Down 0.1 %

TPG stock opened at $42.82 on Friday. The stock has a market cap of $15.62 billion, a P/E ratio of -1,070.50, a P/E/G ratio of 0.72 and a beta of 1.62. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $44.33 and its two-hundred day simple moving average is $38.93. TPG Inc. has a 1-year low of $24.74 and a 1-year high of $47.20.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, February 13th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. The company had revenue of $529.90 million for the quarter, compared to analysts’ expectations of $395.30 million. TPG had a return on equity of 18.69% and a net margin of 3.35%. The business’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Analysts expect that TPG Inc. will post 2.1 EPS for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.76 annualized dividend and a dividend yield of 4.11%. TPG’s payout ratio is currently -4,400.00%.

Insider Buying and Selling

In other news, President Todd Benjamin Sisitsky sold 52,807 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $2,198,883.48. Following the transaction, the president now owns 396,982 shares of the company’s stock, valued at approximately $16,530,330.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Joann Harris sold 1,739 shares of TPG stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $72,411.96. Following the completion of the transaction, the insider now directly owns 22,860 shares in the company, valued at approximately $951,890.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Todd Benjamin Sisitsky sold 52,807 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $2,198,883.48. Following the sale, the president now owns 396,982 shares in the company, valued at approximately $16,530,330.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,434,129 shares of company stock valued at $101,357,132. 78.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TPG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of TPG from $42.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Wells Fargo & Company lifted their price target on TPG from $38.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. Citigroup increased their price objective on TPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. UBS Group raised their target price on TPG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of TPG in a report on Monday, April 1st. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.96.

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.