Bank of New York Mellon Corp Has $27.49 Million Holdings in TPG Inc. (NASDAQ:TPG)

Bank of New York Mellon Corp decreased its stake in shares of TPG Inc. (NASDAQ:TPG) by 24.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 437,406 shares of the company’s stock after selling 143,718 shares during the period. Bank of New York Mellon Corp’s holdings in TPG were worth $27,487,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. KBC Group NV boosted its stake in TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of TPG during the 4th quarter worth about $33,000. Ritholtz Wealth Management boosted its position in shares of TPG by 21.6% during the 4th quarter. Ritholtz Wealth Management now owns 4,695 shares of the company’s stock worth $295,000 after purchasing an additional 833 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 buying an additional 965 shares during the period. Finally, Handelsbanken Fonder AB increased its position in TPG by 5.6% in the 4th quarter. Handelsbanken Fonder AB now owns 20,800 shares of the company’s stock valued at $1,307,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Performance

Shares of TPG stock opened at $49.08 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The firm has a 50-day moving average of $61.75 and a 200-day moving average of $61.89. TPG Inc. has a one year low of $39.18 and a one year high of $72.98. The company has a market cap of $18.13 billion, a P/E ratio of -111.55, a P/E/G ratio of 0.80 and a beta of 1.54.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. Equities research analysts forecast that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from TPG’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 21st. TPG’s dividend payout ratio (DPR) is presently -481.82%.

Insider Buying and Selling

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction dated Tuesday, January 14th. The shares were 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. The trade was a 9.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 76.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft increased their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. BMO Capital Markets boosted their price target on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Wells Fargo & Company lowered their price objective on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of TPG from $67.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.27.

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.