TPG Inc. (NASDAQ:TPG) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in TPG Inc. (NASDAQ:TPG) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,160,631 shares of the company’s stock after selling 117,518 shares during the period. Massachusetts Financial Services Co. MA’s holdings in TPG were worth $387,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in shares of TPG in the 4th quarter worth about $33,000. R Squared Ltd acquired a new position in TPG during the fourth quarter worth about $97,000. Quarry LP lifted its holdings in shares of TPG by 136.2% in the third quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after purchasing an additional 1,846 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of TPG in the fourth quarter valued at approximately $204,000. Finally, Shoker Investment Counsel Inc. increased its stake in shares of TPG by 10.4% during the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after purchasing an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Trading Up 4.0 %

NASDAQ TPG opened at $49.62 on Thursday. The company has a 50-day moving average of $56.11 and a 200-day moving average of $61.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. TPG Inc. has a 12 month low of $39.18 and a 12 month high of $72.98. The company has a market cap of $18.33 billion, a P/E ratio of -112.77, a P/E/G ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. 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 declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is -481.82%.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Bradford Berenson sold 2,509 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the sale, the general counsel now owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 76.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TPG shares. Wells Fargo & Company reduced their target price on TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. JMP Securities reissued a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Evercore ISI increased their price objective on TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods boosted 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 upped their target price on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.18.

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.