Ritholtz Wealth Management Acquires Shares of 3,862 TPG Inc. (NASDAQ:TPG)

Ritholtz Wealth Management bought a new position in shares of TPG Inc. (NASDAQ:TPG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,862 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPG. International Assets Investment Management LLC purchased a new stake in TPG in the 2nd quarter worth approximately $25,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TPG in the 1st quarter valued at $112,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in TPG during the first quarter worth $151,000. MQS Management LLC acquired a new stake in TPG during the first quarter valued at $201,000. Finally, Virtu Financial LLC purchased a new position in TPG in the fourth quarter valued at $203,000. 86.79% of the stock is currently owned by institutional investors and hedge funds.

TPG Stock Up 4.5 %

Shares of NASDAQ:TPG opened at $65.08 on Friday. TPG Inc. has a 52-week low of $26.62 and a 52-week high of $65.25. The stock has a market cap of $23.74 billion, a P/E ratio of -185.94, a PEG ratio of 0.94 and a beta of 1.53. The business has a fifty day moving average of $54.30 and a two-hundred day moving average of $47.28. 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 (NASDAQ:TPG) last announced its quarterly earnings data 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 net margin of 1.08% and a return on equity of 24.27%. The firm had revenue of $744.19 million during the quarter, compared to analyst estimates of $449.34 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, research analysts expect that TPG Inc. will post 1.99 earnings per share for the current year.

TPG Increases Dividend

The company also recently declared 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 represents a $1.68 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Friday, August 16th. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s payout ratio is presently -479.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley raised their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI upped their target price on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday. TD Cowen dropped their price target on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their target price on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $52.25.

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.