Signaturefd LLC Buys 188 Shares of TPG Inc. (NASDAQ:TPG)

Signaturefd LLC increased its stake in shares of TPG Inc. (NASDAQ:TPG) by 21.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,070 shares of the company’s stock after acquiring an additional 188 shares during the period. Signaturefd LLC’s holdings in TPG were worth $62,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Border to Coast Pensions Partnership Ltd bought a new stake in TPG in the third quarter valued at approximately $4,304,000. Renaissance Capital LLC raised its stake in TPG by 20.0% in the third quarter. Renaissance Capital LLC now owns 90,618 shares of the company’s stock valued at $5,216,000 after buying an additional 15,131 shares during the period. Creative Planning raised its stake in TPG by 55.5% in the third quarter. Creative Planning now owns 10,784 shares of the company’s stock valued at $621,000 after buying an additional 3,851 shares during the period. Ritholtz Wealth Management bought a new stake in TPG in the third quarter valued at approximately $222,000. Finally, Ghisallo Capital Management LLC bought a new stake in TPG in the second quarter valued at approximately $5,181,000. Institutional investors own 86.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI upped their price objective on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. The Goldman Sachs Group upped their target price on TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their target price on TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley upped 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. Finally, JPMorgan Chase & Co. upped their target price on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Seven research 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, the company presently has a consensus rating of “Hold” and an average target price of $52.25.

TPG Trading Up 0.3 %

Shares of NASDAQ:TPG opened at $68.44 on Wednesday. The company has a market capitalization of $24.97 billion, a P/E ratio of -195.54, a P/E/G ratio of 1.07 and a beta of 1.53. TPG Inc. has a 1 year low of $26.81 and a 1 year high of $69.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The business’s 50 day simple moving average is $57.46 and its 200 day simple moving average is $48.61.

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

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, August 16th. This is an increase from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is currently -479.99%.

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.