William Blair Investment Management LLC Trims Position in TPG Inc. (NASDAQ:TPG)

William Blair Investment Management LLC decreased its position in shares of TPG Inc. (NASDAQ:TPG) by 26.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,920,311 shares of the company’s stock after selling 698,394 shares during the period. William Blair Investment Management LLC’s holdings in TPG were worth $120,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in shares of TPG by 6.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after buying an additional 498 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in TPG by 36.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 159,800 shares of the company’s stock worth $10,133,000 after purchasing an additional 43,000 shares during the last quarter. Swiss National Bank increased its position in TPG by 4.8% during the fourth quarter. Swiss National Bank now owns 151,500 shares of the company’s stock worth $9,520,000 after purchasing an additional 6,900 shares during the last quarter. Burkehill Global Management LP acquired a new position in TPG during the fourth quarter worth approximately $31,420,000. Finally, AGF Management Ltd. acquired a new position in TPG during the fourth quarter worth approximately $439,000. Hedge funds and other 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 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 directly owns 15,841 shares in the company, valued at $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 76.48% of the stock is currently owned by insiders.

TPG Price Performance

Shares of TPG stock opened at $47.59 on Monday. The company has a market capitalization of $17.58 billion, a PE ratio of -108.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54. The firm has a fifty day simple moving average of $60.16 and a 200-day simple moving average of $61.89. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36. TPG Inc. has a twelve month low of $39.18 and a twelve month high of $72.98.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. Equities research analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently disclosed 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 represents a $2.12 dividend on an annualized basis and a yield of 4.45%. This is an increase from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. TPG’s dividend payout ratio is -481.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Evercore ISI upped their price target on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets increased their price objective on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group increased their price objective on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, TPG currently has a consensus rating of “Hold” and an average target price of $64.27.

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.