Clarius Group LLC Decreases Stock Holdings in TPG Inc. (NASDAQ:TPG)

Clarius Group LLC lessened its holdings in TPG Inc. (NASDAQ:TPG) by 28.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,319 shares of the company’s stock after selling 5,612 shares during the quarter. Clarius Group LLC’s holdings in TPG were worth $900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC boosted its position in shares of TPG by 146.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after acquiring an additional 992,818 shares in the last quarter. Millennium Management LLC lifted its stake in TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock worth $156,188,000 after purchasing an additional 922,571 shares during the last quarter. Barclays PLC boosted its holdings 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 purchasing an additional 597,972 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in TPG by 902.4% in the second quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company’s stock valued at $17,352,000 after purchasing an additional 376,848 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in TPG by 10.1% during the third 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 in the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Performance

NASDAQ:TPG opened at $67.03 on Friday. The firm’s fifty day simple moving average is $66.58 and its 200-day simple moving average is $58.32. 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 stock has a market cap of $24.46 billion, a PE ratio of -197.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.49. TPG Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $72.98.

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

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.27%. TPG’s dividend payout ratio is presently -447.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft lifted their price target on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley increased their price objective on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets lifted their target price 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. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, TPG currently has a consensus rating of “Hold” and a consensus price target of $63.00.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now directly owns 15,841 shares of the company’s stock, valued at $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 76.48% of the stock is owned by corporate insiders.

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.