Police & Firemen s Retirement System of New Jersey Purchases 18,516 Shares of TPG Inc. $TPG

Police & Firemen s Retirement System of New Jersey grew its position in TPG Inc. (NASDAQ:TPG) by 59.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 49,478 shares of the company’s stock after purchasing an additional 18,516 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in TPG were worth $2,595,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TPG. Signaturefd LLC increased its position in TPG by 27.0% in the first quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock worth $68,000 after purchasing an additional 307 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of TPG by 316.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 30,214 shares of the company’s stock valued at $1,433,000 after purchasing an additional 22,952 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of TPG during the 1st quarter worth approximately $3,129,000. TD Asset Management Inc raised its stake in shares of TPG by 25.1% during the first quarter. TD Asset Management Inc now owns 148,600 shares of the company’s stock worth $7,048,000 after buying an additional 29,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TPG by 5.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,362 shares of the company’s stock worth $1,155,000 after buying an additional 1,294 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of TPG from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. BNP Paribas upgraded shares of TPG to a “strong-buy” rating in a research report on Wednesday, July 30th. Zacks Research lowered TPG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. UBS Group set a $78.00 price objective on TPG in a research note on Monday, October 6th. Finally, The Goldman Sachs Group increased their target price on TPG from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.62.

TPG Price Performance

Shares of TPG stock opened at $54.86 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. TPG Inc. has a 12-month low of $37.52 and a 12-month high of $72.98. The firm has a fifty day moving average of $57.80 and a 200-day moving average of $55.65. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 609.56, a price-to-earnings-growth ratio of 1.01 and a beta of 1.52.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, November 4th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $509.40 million for the quarter, compared to the consensus estimate of $510.32 million. TPG had a return on equity of 25.79% and a net margin of 2.83%.During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.3%. TPG’s payout ratio is presently 2,000.00%.

TPG 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.