TPG Inc. (NASDAQ:TPG) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its stake in shares of TPG Inc. (NASDAQ:TPG) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,920,311 shares of the company’s stock after selling 698,394 shares during the quarter. William Blair Investment Management LLC owned about 0.53% of TPG worth $120,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in TPG during the 4th quarter worth $33,000. R Squared Ltd acquired a new position in TPG in the fourth quarter valued at $97,000. KBC Group NV increased its stake in TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares during the period. Quarry LP increased its stake in 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 during the period. Finally, Wedmont Private Capital acquired a new position in TPG in the fourth quarter valued at $204,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the sale, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 76.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TPG. Evercore ISI lifted their price objective on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their price objective on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company dropped their price objective on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. BMO Capital Markets boosted 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Seven 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, TPG has an average rating of “Hold” and an average price target of $64.27.

TPG Stock Up 2.2 %

TPG stock opened at $47.59 on Monday. The company has a market cap of $17.58 billion, a P/E ratio of -108.16, a P/E/G ratio of 0.80 and a beta of 1.54. TPG Inc. has a 52 week low of $39.18 and a 52 week high of $72.98. The company’s 50-day moving average price is $60.16 and its 200 day moving average price is $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 (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS 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%. On average, research analysts expect that TPG Inc. will post 2.52 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Friday, February 21st. This is an increase from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio is -481.82%.

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.