Freedom Investment Management Inc. Has $362,000 Stock Holdings in TPG Inc. (NASDAQ:TPG)

Freedom Investment Management Inc. decreased its position in shares of TPG Inc. (NASDAQ:TPG) by 24.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,294 shares of the company’s stock after selling 2,071 shares during the quarter. Freedom Investment Management Inc.’s holdings in TPG were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC increased its position in TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares during the period. Commonwealth Equity Services LLC grew its position in shares of TPG by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock worth $296,000 after purchasing an additional 230 shares in the last quarter. KBC Group NV increased its holdings in shares of 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 purchasing an additional 482 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of TPG in the second quarter valued at approximately $25,000. Finally, QRG Capital Management Inc. raised its position in shares of TPG by 16.8% in the third quarter. QRG Capital Management Inc. now owns 8,024 shares of the company’s stock valued at $462,000 after buying an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 86.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TPG. BMO Capital Markets raised their price objective on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $58.83.

TPG Price Performance

Shares of NASDAQ:TPG opened at $69.96 on Friday. The firm has a 50 day simple moving average of $64.53 and a 200 day simple moving average of $52.39. The company has a market cap of $25.53 billion, a price-to-earnings ratio of -205.76, a PEG ratio of 1.16 and a beta of 1.49. TPG Inc. has a one year low of $34.50 and a one year high of $72.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

TPG (NASDAQ:TPG) last announced its quarterly 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 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 prior year, the company earned $0.56 EPS. Research analysts predict that TPG Inc. will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, November 14th. TPG’s dividend payout ratio is currently -447.06%.

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.