Private Wealth Partners LLC Has $6.54 Million Stock Position in TPG Inc. $TPG

Private Wealth Partners LLC raised its position in TPG Inc. (NASDAQ:TPG) by 88.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 113,880 shares of the company’s stock after purchasing an additional 53,375 shares during the period. Private Wealth Partners LLC’s holdings in TPG were worth $6,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Darlington Partners Capital Management LP acquired a new stake in TPG during the second quarter worth about $258,581,000. Geode Capital Management LLC raised its holdings in TPG by 30.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,529,402 shares of the company’s stock valued at $185,136,000 after buying an additional 831,865 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of TPG by 3.8% during the second quarter. Franklin Resources Inc. now owns 2,247,049 shares of the company’s stock valued at $117,858,000 after acquiring an additional 81,956 shares during the last quarter. State Street Corp raised its position in TPG by 33.1% during the 2nd quarter. State Street Corp now owns 2,062,638 shares of the company’s stock worth $108,185,000 after purchasing an additional 512,834 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of TPG by 1.4% during the second quarter. TimesSquare Capital Management LLC now owns 1,870,616 shares of the company’s stock worth $98,114,000 after acquiring an additional 24,970 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Stock Up 0.1%

Shares of NASDAQ:TPG opened at $58.91 on Friday. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 654.56, a PEG ratio of 0.89 and a beta of 1.51. TPG Inc. has a one year low of $37.52 and a one year high of $70.38. The firm has a fifty day moving average price of $63.62 and a two-hundred day moving average price of $60.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). TPG had a net margin of 2.83% and a return on equity of 25.79%. The company had revenue of $509.40 million for the quarter, compared to the consensus estimate of $510.32 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. TPG’s payout ratio is 2,000.00%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TPG shares. TD Cowen reissued a “hold” rating on shares of TPG in a research report on Wednesday, January 14th. BMO Capital Markets started coverage on shares of TPG in a research report on Friday, October 3rd. They issued an “outperform” rating and a $65.00 price target for the company. Barclays assumed coverage on TPG in a research note on Wednesday. They set an “overweight” rating and a $78.00 price target for the company. Zacks Research downgraded shares of TPG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $80.00 target price on shares of TPG in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.69.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.