TPG Inc. (NASDAQ:TPG) Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its holdings in TPG Inc. (NASDAQ:TPG) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,057 shares of the company’s stock after acquiring an additional 2,227 shares during the quarter. Amalgamated Bank’s holdings in TPG were worth $624,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TPG. International Assets Investment Management LLC acquired a new position in TPG in the second quarter valued at approximately $25,000. YHB Investment Advisors Inc. purchased a new stake in TPG during the first quarter worth $32,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TPG during the first quarter valued at $112,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in TPG in the first quarter valued at $151,000. Finally, MQS Management LLC acquired a new position in shares of TPG in the first quarter worth about $201,000. Hedge funds and other institutional investors own 86.79% of the company’s stock.

TPG Trading Up 0.3 %

TPG opened at $58.01 on Friday. The stock has a market capitalization of $21.16 billion, a PE ratio of -414.33, a P/E/G ratio of 1.00 and a beta of 1.52. TPG Inc. has a one year low of $26.62 and a one year high of $60.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The business’s 50 day moving average price is $50.73 and its 200 day moving average price is $45.81.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. The business had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, equities research analysts expect that TPG Inc. will post 2.01 EPS for the current year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is -1,199.91%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TPG. The Goldman Sachs Group lifted their price target on TPG from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. upped their target price on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company initiated coverage on shares of TPG in a research report on Thursday, September 12th. They set an “overweight” rating and a $60.00 price objective for the company. Finally, TD Cowen dropped their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.25.

Insider Buying and Selling at TPG

In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the sale, the director now owns 17,536 shares of the company’s stock, valued at $816,300.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 76.48% of the company’s stock.

TPG Company 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.