TPG Inc. $TPG Shares Purchased by Barrett & Company Inc.

Barrett & Company Inc. increased its stake in shares of TPG Inc. (NASDAQ:TPG) by 857.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,350 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Barrett & Company Inc.’s holdings in TPG were worth $176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TPG. Trust Co. of Vermont lifted its holdings in TPG by 11.2% during the 2nd quarter. Trust Co. of Vermont now owns 48,022 shares of the company’s stock worth $2,519,000 after buying an additional 4,819 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in TPG by 17.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,475 shares of the company’s stock worth $340,000 after buying an additional 965 shares during the last quarter. Signaturefd LLC lifted its holdings in TPG by 32.4% during the 2nd quarter. Signaturefd LLC now owns 1,910 shares of the company’s stock worth $100,000 after buying an additional 467 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in TPG by 52.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 40,825 shares of the company’s stock worth $2,141,000 after buying an additional 13,998 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in TPG by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after buying an additional 338 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Stock Performance

Shares of TPG stock opened at $58.51 on Friday. The stock has a market capitalization of $22.11 billion, a PE ratio of -307.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. TPG Inc. has a 52-week low of $37.52 and a 52-week high of $72.98. The stock’s 50-day moving average price is $60.30 and its 200 day moving average price is $53.21. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45.

TPG (NASDAQ:TPG) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.24. The firm had revenue of $495.12 million for the quarter, compared to analysts’ expectations of $470.57 million. TPG had a return on equity of 25.79% and a net margin of 1.60%.The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts forecast that TPG Inc. will post 2.52 EPS for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.59 dividend. This is a boost from TPG’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, August 18th. This represents a $2.36 annualized dividend and a yield of 4.0%. TPG’s payout ratio is presently -1,242.11%.

Insider Transactions at TPG

In related news, Director Deborah M. Messemer sold 1,796 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $56.32, for a total value of $101,150.72. Following the transaction, the director owned 16,807 shares in the company, valued at $946,570.24. The trade was a 9.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 69.98% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on TPG. Wells Fargo & Company lifted their price target on TPG from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. The Goldman Sachs Group lifted their price target on TPG from $61.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Zacks Research raised TPG from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Wolfe Research began coverage on TPG in a report on Friday, June 20th. They issued an “outperform” rating and a $60.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of TPG in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.07.

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.