Wellington Management Group LLP Sells 1,664,410 Shares of TPG Inc. (NASDAQ:TPG)

Wellington Management Group LLP lessened its holdings in TPG Inc. (NASDAQ:TPG) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,323,561 shares of the company’s stock after selling 1,664,410 shares during the quarter. Wellington Management Group LLP’s holdings in TPG were worth $397,373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of TPG in the 4th quarter worth about $33,000. R Squared Ltd purchased a new position in TPG in the fourth quarter worth about $97,000. Quarry LP lifted its stake in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after buying an additional 1,846 shares in the last quarter. Iron Gate Global Advisors LLC purchased a new stake in shares of TPG during the third quarter valued at approximately $201,000. Finally, Wedmont Private Capital bought a new stake in shares of TPG during the fourth quarter valued at approximately $204,000. Institutional investors own 94.03% of the company’s stock.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the firm’s 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 sale, the director now directly owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now directly owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 76.48% of the company’s stock.

TPG Trading Down 0.6 %

Shares of TPG stock opened at $47.43 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The company has a market cap of $17.52 billion, a price-to-earnings ratio of -107.80, a PEG ratio of 0.80 and a beta of 1.54. TPG Inc. has a 1 year low of $39.18 and a 1 year high of $72.98. The firm has a fifty day moving average price of $56.90 and a 200-day moving average price of $61.88.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. This is a boost from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.47%. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI upped their price objective on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Keefe, Bruyette & Woods upped their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, BMO Capital Markets lifted their price target on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.18.

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.