Quest Partners LLC Sells 12,747 Shares of TPG Inc. (NASDAQ:TPG)

Quest Partners LLC cut its position in shares of TPG Inc. (NASDAQ:TPG) by 87.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,872 shares of the company’s stock after selling 12,747 shares during the period. Quest Partners LLC’s holdings in TPG were worth $108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of TPG by 5,656.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after purchasing an additional 33,936 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of TPG in the 2nd quarter valued at approximately $1,057,000. Millennium Management LLC lifted its stake in shares of TPG by 32.4% in the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after purchasing an additional 922,571 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of TPG by 32.5% in the 1st quarter. California State Teachers Retirement System now owns 78,113 shares of the company’s stock valued at $3,492,000 after purchasing an additional 19,175 shares during the last quarter. Finally, Renaissance Capital LLC lifted its stake in shares of TPG by 20.0% during the 3rd quarter. Renaissance Capital LLC now owns 90,618 shares of the company’s stock worth $5,216,000 after acquiring an additional 15,131 shares during the last quarter. 86.79% of the stock is owned by institutional investors.

TPG Trading Up 0.2 %

Shares of NASDAQ:TPG opened at $69.96 on Friday. TPG Inc. has a 12-month low of $34.50 and a 12-month high of $72.98. The business’s fifty day simple moving average is $64.30 and its 200-day simple moving average is $52.20. The company has a market capitalization of $25.53 billion, a PE ratio of -205.32, a P/E/G ratio of 1.16 and a beta of 1.49. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The business had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. During the same period last year, the business posted $0.56 EPS. As a group, equities research analysts predict that TPG Inc. will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a $0.38 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. TPG’s dividend payout ratio is presently -447.06%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. TD Cowen decreased their price target on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company raised their price target on TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price target on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $58.83.

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.