TPG Inc. $TPG Shares Purchased by Private Wealth Partners LLC

Private Wealth Partners LLC raised its holdings in shares of TPG Inc. (NASDAQ:TPG) by 303.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,505 shares of the company’s stock after buying an additional 45,505 shares during the period. Private Wealth Partners LLC’s holdings in TPG were worth $3,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $30,000 after buying an additional 369 shares in the last quarter. GAMMA Investing LLC lifted its position in TPG by 55.7% during the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock valued at $50,000 after buying an additional 338 shares in the last quarter. Parallel Advisors LLC lifted its position in TPG by 43.8% during the second quarter. Parallel Advisors LLC now owns 1,380 shares of the company’s stock valued at $72,000 after buying an additional 420 shares in the last quarter. Signaturefd LLC lifted its position in TPG by 27.0% during the first quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock valued at $68,000 after buying an additional 307 shares in the last quarter. Finally, Comerica Bank lifted its position in TPG by 43.1% during the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after buying an additional 465 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TPG. Wells Fargo & Company lifted their price objective on shares of TPG from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. The Goldman Sachs Group lifted their price objective on shares of TPG from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upgraded shares of TPG from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $65.00 to $78.00 in a research note on Monday, October 6th. Evercore ISI lifted their price objective on shares of TPG from $52.00 to $60.00 and gave the company an “in-line” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of TPG in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.64.

TPG Stock Up 1.9%

Shares of NASDAQ:TPG opened at $57.58 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $59.13 and a 200 day simple moving average of $54.38. The firm has a market cap of $21.76 billion, a PE ratio of -303.05, a price-to-earnings-growth ratio of 1.03 and a beta of 1.53. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $72.98.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.24. The business had revenue of $495.12 million during the quarter, compared to analyst estimates of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities research analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.59 dividend. This is a boost from TPG’s previous quarterly dividend of $0.41. This represents a $2.36 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 18th. TPG’s dividend payout ratio is presently -1,242.11%.

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.