TPG Inc. (NASDAQ:TPG) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its holdings in shares of TPG Inc. (NASDAQ:TPG) by 31.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,606 shares of the company’s stock after selling 5,390 shares during the period. Cornercap Investment Counsel Inc.’s holdings in TPG were worth $729,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TPG. Charles Schwab Investment Management Inc. raised its stake in shares of TPG by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after acquiring an additional 31,638 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of TPG by 19.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,575 shares of the company’s stock valued at $1,357,000 after acquiring an additional 3,802 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TPG by 5.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,705 shares of the company’s stock valued at $1,019,000 after purchasing an additional 965 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in TPG by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,991 shares of the company’s stock worth $18,591,000 after purchasing an additional 8,615 shares during the period. Finally, Point72 Europe London LLP increased its stake in TPG by 16.8% in the third quarter. Point72 Europe London LLP now owns 274,935 shares of the company’s stock valued at $15,825,000 after purchasing an additional 39,550 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

Insider Transactions at TPG

In other news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total value of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares in the company, valued at $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The stock was 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 approximately $980,716.31. This represents a 9.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI raised their price target on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. BMO Capital Markets upped their price target on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of TPG from $78.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods boosted their target price on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.18.

TPG Stock Performance

Shares of TPG stock opened at $47.71 on Friday. The stock has a fifty day moving average price of $57.29 and a 200 day moving average price of $61.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The stock has a market cap of $17.63 billion, a PE ratio of -108.43, a P/E/G ratio of 0.80 and a beta of 1.54. TPG Inc. has a 1 year low of $39.18 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast 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. Stockholders of record on Friday, February 21st were given a $0.53 dividend. The ex-dividend date was Friday, February 21st. This is a positive change from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.44%. TPG’s dividend payout ratio is currently -481.82%.

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.