TPG Inc. (NASDAQ:TPG) Stake Lowered by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its position in TPG Inc. (NASDAQ:TPG) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,121 shares of the company’s stock after selling 3,141 shares during the quarter. Bleakley Financial Group LLC’s holdings in TPG were worth $2,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Lord Abbett & CO. LLC boosted its holdings in TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after purchasing an additional 992,818 shares in the last quarter. Barclays PLC lifted its position in shares of TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock worth $34,652,000 after buying an additional 597,972 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of TPG by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after acquiring an additional 244,373 shares in the last quarter. Partners Group Holding AG increased its holdings in shares of TPG by 112.2% during the 3rd quarter. Partners Group Holding AG now owns 332,627 shares of the company’s stock valued at $19,146,000 after acquiring an additional 175,847 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after acquiring an additional 102,663 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TPG shares. Evercore ISI upped their target price on TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. TD Cowen decreased their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets upped their price target 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. Finally, The Goldman Sachs Group raised their price target on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.00.

TPG Trading Down 1.4 %

Shares of TPG stock opened at $62.87 on Friday. The firm has a fifty day moving average of $65.98 and a 200-day moving average of $60.57. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of -184.91, a P/E/G ratio of 0.93 and a beta of 1.49. TPG Inc. has a 52-week low of $39.18 and a 52-week high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares in the company, valued at $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 76.48% of the company’s stock.

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.