TPG Inc. (NASDAQ:TPG) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its position in TPG Inc. (NASDAQ:TPG) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,689 shares of the company’s stock after selling 655 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in TPG were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of TPG in the 2nd quarter valued at about $25,000. Signaturefd LLC raised its holdings in TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares during the period. Covestor Ltd grew its stake in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock worth $107,000 after buying an additional 1,715 shares during the period. KBC Group NV increased its position in shares of TPG by 25.1% in 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. Finally, Quarry LP raised its stake in shares of TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after acquiring an additional 1,846 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of NASDAQ:TPG opened at $66.88 on Monday. The company has a market cap of $24.41 billion, a PE ratio of -196.70, a P/E/G ratio of 1.11 and a beta of 1.46. TPG Inc. has a fifty-two week low of $38.20 and a fifty-two week high of $72.98. The firm has a 50-day simple moving average of $66.58 and a 200 day simple moving average of $54.32. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39.

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

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.27%. TPG’s payout ratio is currently -447.05%.

Analyst Ratings Changes

TPG has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. 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 note on Monday, November 11th. The Goldman Sachs Group boosted their price objective on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Evercore ISI lifted their target price on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Finally, BMO Capital Markets increased their target price on TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.08.

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.