TPG Inc. (NASDAQ:TPG) Stock Position Decreased by Entropy Technologies LP

Entropy Technologies LP reduced its stake in TPG Inc. (NASDAQ:TPG) by 70.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,352 shares of the company’s stock after selling 17,494 shares during the period. Entropy Technologies LP’s holdings in TPG were worth $423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of TPG by 21.6% during the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in TPG by 5.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after purchasing an additional 366,306 shares during the last quarter. Capital International Investors increased its stake in shares of TPG by 9.6% in the first quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after purchasing an additional 336,665 shares during the period. Millennium Management LLC raised its holdings in shares of TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after buying an additional 922,571 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of TPG by 13.9% during the second quarter. American Century Companies Inc. now owns 1,240,450 shares of the company’s stock worth $51,417,000 after buying an additional 151,317 shares during the period. 86.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group lifted their price objective on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company raised their target price on shares of TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI upped their price target on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $57.67.

TPG Stock Performance

TPG opened at $64.67 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The firm has a market cap of $23.59 billion, a PE ratio of -190.21, a P/E/G ratio of 1.10 and a beta of 1.49. The business has a fifty day simple moving average of $61.68 and a 200-day simple moving average of $50.59. TPG Inc. has a fifty-two week low of $33.69 and a fifty-two week high of $70.67.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share 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 during the quarter, compared to analyst estimates of $449.98 million. During the same quarter last year, the company posted $0.56 EPS. As a group, equities analysts predict that TPG Inc. will post 1.94 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, November 14th. TPG’s payout ratio is presently -447.06%.

TPG Company 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.