Oak Thistle LLC Sells 15,880 Shares of TPG Inc. (NASDAQ:TPG)

Oak Thistle LLC trimmed its stake in shares of TPG Inc. (NASDAQ:TPG) by 60.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,362 shares of the company’s stock after selling 15,880 shares during the period. Oak Thistle LLC’s holdings in TPG were worth $651,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TPG. Lord Abbett & CO. LLC boosted its holdings in TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after acquiring an additional 992,818 shares during the last quarter. Millennium Management LLC lifted its position in TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after purchasing an additional 922,571 shares during the period. Barclays PLC boosted its stake in shares of TPG by 14,739.3% in the 3rd 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 during the last quarter. Thrivent Financial for Lutherans grew its position in shares of TPG by 902.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 418,608 shares of the company’s stock worth $17,352,000 after buying an additional 376,848 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of TPG by 5.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after buying an additional 366,306 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 1,695 shares of the 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 sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TPG shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets upped their price objective on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Wells Fargo & Company reduced 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. Morgan Stanley lifted their target price on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, TD Cowen dropped their price target on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.58.

TPG Stock Up 4.6 %

TPG stock opened at $66.00 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG Inc. has a 1-year low of $38.20 and a 1-year high of $72.98. The company has a fifty day simple moving average of $66.62 and a 200 day simple moving average of $57.91. The company has a market cap of $24.09 billion, a P/E ratio of -194.11, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49.

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

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.30%. TPG’s dividend payout ratio (DPR) is currently -447.06%.

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.