Private Wealth Partners LLC Buys Shares of 8,600 TPG Inc. (NASDAQ:TPG)

Private Wealth Partners LLC bought a new position in TPG Inc. (NASDAQ:TPG) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 8,600 shares of the company’s stock, valued at approximately $356,000.

Several other institutional investors have also modified their holdings of the stock. Cornercap Investment Counsel Inc. acquired a new stake in shares of TPG during the 2nd quarter worth approximately $1,057,000. American Century Companies Inc. increased its stake in TPG by 13.9% during the second quarter. American Century Companies Inc. now owns 1,240,450 shares of the company’s stock worth $51,417,000 after acquiring an additional 151,317 shares during the last quarter. Quest Partners LLC purchased a new stake in TPG in the second quarter valued at $606,000. Parcion Private Wealth LLC purchased a new stake in TPG in the second quarter valued at $3,892,000. Finally, National Bank of Canada FI lifted its stake in shares of TPG by 6.4% in the 2nd quarter. National Bank of Canada FI now owns 99,962 shares of the company’s stock valued at $4,088,000 after purchasing an additional 5,970 shares during the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 4,089 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total transaction of $190,342.95. Following the sale, the director now owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 76.48% of the company’s stock.

TPG Stock Performance

Shares of TPG stock opened at $51.19 on Thursday. The firm has a 50 day moving average of $47.41 and a two-hundred day moving average of $44.72. The stock has a market capitalization of $18.67 billion, a PE ratio of -365.64, a P/E/G ratio of 0.83 and a beta of 1.52. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37. TPG Inc. has a 52 week low of $26.62 and a 52 week high of $51.62.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The firm had revenue of $744.19 million during the quarter, compared to analyst estimates of $449.34 million. During the same period last year, the business posted $0.26 earnings per share. On average, research analysts predict that TPG Inc. will post 2.01 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.42 per share. This is a boost from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, August 16th. TPG’s payout ratio is -1,200.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on TPG. JPMorgan Chase & Co. boosted their price objective on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. TD Cowen decreased their price objective 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, TPG currently has a consensus rating of “Hold” and an average target price of $44.42.

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.