TPG Inc. (NASDAQ:TPG) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in TPG Inc. (NASDAQ:TPG) by 52.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,095 shares of the company’s stock after selling 5,614 shares during the period. Sei Investments Co.’s holdings in TPG were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of TPG by 5.0% in the 3rd quarter. State Street Corp now owns 1,421,981 shares of the company’s stock valued at $81,849,000 after buying an additional 67,597 shares during the period. EP Wealth Advisors LLC bought a new position in TPG in the third quarter worth about $461,000. Barclays PLC boosted its stake in TPG by 14,739.3% in the third quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after acquiring an additional 597,972 shares during the period. Geode Capital Management LLC grew its holdings in shares of TPG by 7.7% during the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after purchasing an additional 102,663 shares during the last quarter. Finally, Franklin Resources Inc. raised its position 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 purchasing an additional 244,373 shares during the period. Institutional investors own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods upped their price target on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Citigroup cut their price objective on shares of TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday. Evercore ISI upped their target price 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. Finally, Wells Fargo & Company cut their price target on TPG from $66.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, TPG currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.62.

TPG Stock Performance

TPG opened at $43.80 on Friday. The business has a 50 day moving average price of $52.12 and a two-hundred day moving average price of $60.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of -99.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.58. TPG Inc. has a 1-year low of $37.52 and a 1-year 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 return on equity of 24.66% and a net margin of 0.67%. Research analysts predict that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.12 annualized dividend and a dividend yield of 4.84%. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s payout ratio is currently -481.82%.

Insider Activity at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction that occurred 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 transaction, the general counsel now owns 290,841 shares of the company’s stock, valued at approximately $14,553,683.64. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. 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.