New York State Common Retirement Fund Sells 2,528 Shares of TPG Inc. (NASDAQ:TPG)

New York State Common Retirement Fund lessened its stake in shares of TPG Inc. (NASDAQ:TPG) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,900 shares of the company’s stock after selling 2,528 shares during the quarter. New York State Common Retirement Fund’s holdings in TPG were worth $2,025,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in TPG by 327.6% in the fourth quarter. Signaturefd LLC now owns 945 shares of the company’s stock worth $41,000 after purchasing an additional 724 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in TPG by 4.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,714 shares of the company’s stock valued at $549,000 after acquiring an additional 588 shares during the period. Mackenzie Financial Corp bought a new position in TPG in the 4th quarter valued at $438,000. Clarius Group LLC purchased a new stake in TPG in the fourth quarter worth $938,000. Finally, International Assets Investment Management LLC increased its stake in TPG by 4,217.0% in the fourth quarter. International Assets Investment Management LLC now owns 25,902 shares of the company’s stock worth $1,118,000 after purchasing an additional 25,302 shares during the period. 86.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on TPG shares. Keefe, Bruyette & Woods upped their price target on shares of TPG from $42.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. UBS Group upped their target price on shares of TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Morgan Stanley raised their target price on shares of TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company upped their target price on TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Finally, TheStreet downgraded TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.96.

TPG Stock Down 3.3 %

Shares of TPG stock opened at $43.52 on Thursday. The firm’s 50 day moving average price is $44.37 and its 200-day moving average price is $40.38. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28. TPG Inc. has a 52-week low of $24.74 and a 52-week high of $47.20. The company has a market cap of $15.87 billion, a P/E ratio of -1,088.00, a PEG ratio of 0.75 and a beta of 1.60.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. TPG had a return on equity of 18.69% and a net margin of 3.35%. The firm had revenue of $529.90 million during the quarter, compared to analysts’ expectations of $395.30 million. During the same quarter last year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 51.3% on a year-over-year basis. On average, sell-side analysts predict that TPG Inc. will post 2.09 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.76 annualized dividend and a dividend yield of 4.04%. TPG’s dividend payout ratio (DPR) is currently -4,400.00%.

Insider Activity at TPG

In other TPG news, CAO Martin Davidson sold 39,317 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the transaction, the chief accounting officer now owns 30,991 shares in the company, valued at approximately $1,290,465.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TPG news, CAO Martin Davidson sold 39,317 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the sale, the chief accounting officer now owns 30,991 shares in the company, valued at approximately $1,290,465.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kelvin L. Davis sold 822,017 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $34,228,787.88. Following the completion of the transaction, the director now owns 844,584 shares of the company’s stock, valued at $35,168,477.76. The disclosure for this sale can be found here. Insiders sold 2,434,129 shares of company stock valued at $101,357,132 in the last three months. 78.72% of the stock is owned by 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.