Catalyst Capital Advisors LLC Makes New $178,000 Investment in TPG Inc. $TPG

Catalyst Capital Advisors LLC purchased a new position in shares of TPG Inc. (NASDAQ:TPG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,400 shares of the company’s stock, valued at approximately $178,000.

A number of other institutional investors also recently bought and sold shares of the business. Chicago Partners Investment Group LLC purchased a new position in TPG during the 2nd quarter worth approximately $228,000. Praxis Investment Management Inc. purchased a new position in TPG during the 2nd quarter worth approximately $205,000. TD Asset Management Inc raised its position in TPG by 72.5% during the 2nd quarter. TD Asset Management Inc now owns 256,344 shares of the company’s stock worth $13,445,000 after buying an additional 107,744 shares during the last quarter. Apollon Wealth Management LLC raised its position in TPG by 26.5% during the 2nd quarter. Apollon Wealth Management LLC now owns 14,907 shares of the company’s stock worth $782,000 after buying an additional 3,122 shares during the last quarter. Finally, Maryland State Retirement & Pension System purchased a new position in TPG during the 2nd quarter worth approximately $330,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BNP Paribas Exane raised shares of TPG from a “neutral” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research note on Wednesday, July 30th. BNP Paribas raised shares of TPG to a “strong-buy” rating in a research note on Wednesday, July 30th. Bank of America raised their price objective on shares of TPG from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Evercore ISI raised their price objective on shares of TPG from $52.00 to $60.00 and gave the stock an “in-line” rating in a research note on Friday, August 8th. Finally, Morgan Stanley raised their price objective on shares of TPG from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.64.

TPG Price Performance

TPG stock opened at $56.51 on Friday. The company’s fifty day moving average price is $59.23 and its 200 day moving average price is $54.14. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98. The stock has a market capitalization of $21.35 billion, a P/E ratio of -297.42, a P/E/G ratio of 1.02 and a beta of 1.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40.

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

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.36 dividend on an annualized basis and a yield of 4.2%. This is an increase from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio is -1,242.11%.

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.