TPG Inc. $TPG Stock Position Cut by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its holdings in TPG Inc. (NASDAQ:TPG) by 68.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,079 shares of the company’s stock after selling 60,920 shares during the period. Jefferies Financial Group Inc.’s holdings in TPG were worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. CX Institutional boosted its stake in shares of TPG by 481.4% in the 2nd quarter. CX Institutional now owns 657 shares of the company’s stock valued at $27,000 after purchasing an additional 544 shares in the last quarter. Provenance Wealth Advisors LLC bought a new stake in shares of TPG during the 3rd quarter valued at approximately $36,000. Mather Group LLC. bought a new stake in shares of TPG during the 3rd quarter valued at approximately $45,000. Heritage Family Offices LLP acquired a new position in TPG during the 3rd quarter worth approximately $58,000. Finally, Sunbelt Securities Inc. boosted its position in TPG by 2,986.6% in the first quarter. Sunbelt Securities Inc. now owns 2,068 shares of the company’s stock valued at $84,000 after buying an additional 2,001 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Trading Up 0.3%

Shares of NASDAQ:TPG traded up $0.15 during mid-day trading on Friday, reaching $48.26. 2,652,071 shares of the company’s stock were exchanged, compared to its average volume of 2,884,790. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.28 and a current ratio of 0.28. TPG Inc. has a twelve month low of $36.95 and a twelve month high of $70.38. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 0.86 and a beta of 1.48. The business’s fifty day moving average price is $46.04 and its 200-day moving average price is $45.10.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $624.66 million. TPG had a return on equity of 29.05% and a net margin of 5.32%. TPG’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. On average, research analysts predict that TPG Inc. will post 2.77 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 9th will be given a $0.55 dividend. This is a drop from TPG’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, November 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.6%. TPG’s dividend payout ratio is presently 252.87%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group upped their price target on shares of TPG from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods upped their target price on TPG from $53.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Morgan Stanley dropped their target price on TPG from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their price target on TPG from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Finally, Evercore set a $52.00 price target on TPG in a report on Friday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

About TPG

TPG Inc. is a global alternative asset management firm that invests across private equity, growth equity, impact investing, real estate, credit and other investment strategies. The company manages investment funds and related products for institutional and individual investors. Founded in 1992 as Texas Pacific Group, TPG has expanded its investment platforms over time, including through its acquisition of Angelo Gordon, which added to its credit and real estate capabilities. The firm invests in businesses and assets across multiple industries and geographies, with operations and investment teams serving markets around the world.