TPG Inc. (NASDAQ:TPG) Stock Holdings Reduced by Navellier & Associates Inc.

Navellier & Associates Inc. reduced its position in TPG Inc. (NASDAQ:TPG) by 24.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,804 shares of the company’s stock after selling 2,458 shares during the period. Navellier & Associates Inc.’s holdings in TPG were worth $449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of TPG during the 2nd quarter valued at $25,000. Signaturefd LLC raised its holdings in shares of TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after purchasing an additional 188 shares in the last quarter. Covestor Ltd raised its holdings in shares of TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after purchasing an additional 1,715 shares in the last quarter. KBC Group NV raised its holdings in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of TPG during the 1st quarter valued at $112,000. 86.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TPG shares. BMO Capital Markets raised their price target on shares of TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group lifted their target price on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley lifted their target price on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, TPG currently has a consensus rating of “Hold” and a consensus target price of $58.83.

TPG Price Performance

Shares of TPG stock opened at $70.18 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. The firm’s 50-day simple moving average is $63.01 and its 200-day simple moving average is $51.27. TPG Inc. has a twelve month low of $34.07 and a twelve month high of $70.67. The firm has a market cap of $25.61 billion, a P/E ratio of -206.41, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.

TPG (NASDAQ:TPG) last issued its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period in the previous year, the business earned $0.56 EPS. As a group, research analysts expect that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a $0.38 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. TPG’s dividend payout ratio (DPR) is presently -447.05%.

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.