Amalgamated Bank Purchases 4,659 Shares of TPG Inc. (NASDAQ:TPG)

Amalgamated Bank lifted its position in shares of TPG Inc. (NASDAQ:TPG) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,801 shares of the company’s stock after purchasing an additional 4,659 shares during the period. Amalgamated Bank’s holdings in TPG were worth $812,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. TimesSquare Capital Management LLC raised its position in TPG by 11.6% in the third quarter. TimesSquare Capital Management LLC now owns 2,211,111 shares of the company’s stock worth $66,599,000 after acquiring an additional 229,481 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of TPG by 72.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company’s stock valued at $18,988,000 after purchasing an additional 265,706 shares during the period. Vanguard Group Inc. raised its position in shares of TPG by 3.3% in the third quarter. Vanguard Group Inc. now owns 5,729,509 shares of the company’s stock valued at $172,573,000 after purchasing an additional 182,885 shares during the period. Victory Capital Management Inc. grew its stake in TPG by 23.7% during the fourth quarter. Victory Capital Management Inc. now owns 304,803 shares of the company’s stock valued at $13,158,000 after acquiring an additional 58,328 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in TPG by 13.2% during the 3rd quarter. Invesco Ltd. now owns 498,617 shares of the company’s stock worth $15,018,000 after acquiring an additional 58,140 shares during the period. 86.79% of the stock is owned by institutional investors.

Insider Transactions at TPG

In other news, insider Joann Harris sold 1,739 shares of TPG stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $72,411.96. Following the sale, the insider now owns 22,860 shares of the company’s stock, valued at approximately $951,890.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kelvin L. Davis sold 822,017 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $34,228,787.88. Following the sale, the director now owns 844,584 shares of the company’s stock, valued at $35,168,477.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joann Harris sold 1,739 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $72,411.96. Following the sale, the insider now directly owns 22,860 shares in the company, valued at approximately $951,890.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,434,129 shares of company stock valued at $101,357,132. Company insiders own 76.48% of the company’s stock.

TPG Stock Down 0.2 %

NASDAQ TPG opened at $43.46 on Friday. TPG Inc. has a 1 year low of $24.95 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The business’s 50-day moving average is $44.09 and its 200 day moving average is $40.94.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $512.30 million for the quarter, compared to analyst estimates of $452.87 million. TPG had a return on equity of 21.16% and a net margin of 2.74%. The business’s quarterly revenue was up 64.5% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. As a group, sell-side analysts anticipate that TPG Inc. will post 2.02 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.77%. The ex-dividend date is Friday, May 17th. TPG’s dividend payout ratio (DPR) is currently -1,257.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TPG shares. Morgan Stanley upgraded TPG from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $43.00 to $52.00 in a research report on Friday, May 10th. BMO Capital Markets reissued a “market perform” rating and set a $42.00 price objective (up from $36.00) on shares of TPG in a report on Wednesday, February 14th. Citigroup lifted their price target on shares of TPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. TheStreet cut shares of TPG from a “c” rating to a “d” rating in a research note on Monday, March 18th. Finally, Jefferies Financial Group decreased their target price on shares of TPG from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.73.

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.