TPG Inc. (NASDAQ:TPG) Shares Sold by Renaissance Capital LLC

Renaissance Capital LLC cut its stake in shares of TPG Inc. (NASDAQ:TPG) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 87,914 shares of the company’s stock after selling 2,704 shares during the period. TPG comprises about 3.6% of Renaissance Capital LLC’s holdings, making the stock its 10th biggest holding. Renaissance Capital LLC’s holdings in TPG were worth $5,525,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in TPG by 7.7% during the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after acquiring an additional 102,663 shares during the period. International Assets Investment Management LLC grew its holdings in shares of TPG by 5,656.0% during the third quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock worth $1,988,000 after buying an additional 33,936 shares in the last quarter. Gunderson Capital Management Inc. purchased a new stake in shares of TPG during the fourth quarter worth $1,815,000. Charles Schwab Investment Management Inc. grew its holdings in shares of TPG by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock worth $44,379,000 after buying an additional 31,638 shares in the last quarter. Finally, Cinctive Capital Management LP grew its holdings in shares of TPG by 65.9% during the third quarter. Cinctive Capital Management LP now owns 50,435 shares of the company’s stock worth $2,903,000 after buying an additional 20,026 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Down 2.6 %

Shares of NASDAQ:TPG opened at $65.47 on Tuesday. The firm’s 50 day moving average price is $66.50 and its 200 day moving average price is $60.30. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of -192.55, a price-to-earnings-growth ratio of 0.93 and a beta of 1.49. TPG Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $72.98. 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 released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The company had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter last year, the company earned $0.56 earnings per share. As a group, equities research analysts predict that TPG Inc. will post 1.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TPG. BMO Capital Markets upped their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Evercore ISI upped their target price on shares of TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. The Goldman Sachs Group upped their target price on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company dropped their price objective on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.00.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 1,695 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents 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 owned by corporate insiders.

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.