Private Wealth Partners LLC Grows Stake in TPG Inc. (NASDAQ:TPG)

Private Wealth Partners LLC raised its stake in TPG Inc. (NASDAQ:TPG) by 66.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,300 shares of the company’s stock after acquiring an additional 5,700 shares during the quarter. Private Wealth Partners LLC’s holdings in TPG were worth $823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPG. International Assets Investment Management LLC purchased a new stake in shares of TPG during the 2nd quarter valued at approximately $25,000. Signaturefd LLC lifted its stake in shares of TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of TPG during the 1st quarter valued at approximately $112,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in TPG during the 1st quarter worth approximately $151,000. Finally, MQS Management LLC bought a new stake in TPG during the 1st quarter worth approximately $201,000. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TPG has been the topic of a number of analyst reports. TD Cowen decreased their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Evercore ISI upped their target price on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Wells Fargo & Company upped their target price on shares of TPG from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Morgan Stanley upped their target price on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group upped their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.25.

TPG Trading Down 2.6 %

Shares of TPG opened at $65.94 on Friday. The stock has a market capitalization of $24.06 billion, a P/E ratio of -188.39, a PEG ratio of 1.07 and a beta of 1.49. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $58.52 and a two-hundred day simple moving average of $49.04. TPG Inc. has a twelve month low of $28.22 and a twelve month high of $69.86.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. TPG had a net margin of 1.08% and a return on equity of 24.27%. The business had revenue of $744.19 million during the quarter, compared to analysts’ expectations of $449.34 million. During the same quarter in the prior year, the company posted $0.26 EPS. On average, research analysts anticipate that TPG Inc. will post 1.96 EPS for the current year.

TPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.55%. This is a positive change from TPG’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, August 16th. TPG’s dividend payout ratio (DPR) is presently -479.99%.

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.