FORA Capital LLC Sells 884 Shares of TPG Inc. (NASDAQ:TPG)

FORA Capital LLC decreased its holdings in shares of TPG Inc. (NASDAQ:TPG) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,897 shares of the company’s stock after selling 884 shares during the period. FORA Capital LLC’s holdings in TPG were worth $1,376,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in TPG during the second quarter valued at about $25,000. Signaturefd LLC raised its position in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after purchasing an additional 188 shares in the last quarter. Covestor Ltd raised its position in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after purchasing an additional 1,715 shares in the last quarter. KBC Group NV raised its position in TPG by 25.1% during the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after purchasing an additional 482 shares in the last quarter. Finally, Shoker Investment Counsel Inc. purchased a new stake in TPG during the third quarter valued at about $203,000. Institutional investors own 86.79% of the company’s stock.

TPG Stock Down 1.9 %

Shares of NASDAQ:TPG opened at $69.81 on Thursday. TPG Inc. has a 1 year low of $34.07 and a 1 year high of $72.98. The company has a market cap of $25.48 billion, a PE ratio of -205.32, a P/E/G ratio of 1.19 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s 50-day moving average is $63.86 and its 200 day moving average is $51.95.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $855.40 million for the quarter, compared to analysts’ expectations 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 EPS. Sell-side analysts anticipate that TPG Inc. will post 1.95 EPS for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.18%. TPG’s payout ratio is -447.05%.

Wall Street Analyst Weigh In

TPG has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Morgan Stanley lifted their price objective on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Evercore ISI lifted their price objective on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, TPG presently has an average rating of “Hold” and an average target price of $58.83.

TPG Company 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.