20,465 Shares in TPG Inc. (NASDAQ:TPG) Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC bought a new position in shares of TPG Inc. (NASDAQ:TPG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,465 shares of the company’s stock, valued at approximately $639,000.

A number of other hedge funds have also recently bought and sold shares of TPG. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of TPG by 4.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,986 shares of the company’s stock valued at $250,000 after purchasing an additional 371 shares during the last quarter. UBS Group AG boosted its holdings in shares of TPG by 0.4% in the 2nd quarter. UBS Group AG now owns 105,200 shares of the company’s stock valued at $2,516,000 after purchasing an additional 375 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of TPG by 1.5% in the 3rd quarter. California State Teachers Retirement System now owns 30,916 shares of the company’s stock valued at $861,000 after purchasing an additional 468 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of TPG by 17.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,210 shares of the company’s stock valued at $118,000 after purchasing an additional 618 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of TPG by 19.1% in the 4th quarter. Citigroup Inc. now owns 4,741 shares of the company’s stock valued at $132,000 after purchasing an additional 759 shares during the last quarter. Institutional investors and hedge funds own 12.51% of the company’s stock.

TPG Stock Performance

Shares of TPG stock opened at $31.70 on Friday. The firm has a market cap of $9.80 billion, a PE ratio of 452.86, a price-to-earnings-growth ratio of 2.46 and a beta of 1.47. The firm’s 50-day simple moving average is $28.88 and its 200-day simple moving average is $28.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 0.25. TPG Inc. has a 1 year low of $24.74 and a 1 year high of $44.43.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $603.27 million during the quarter, compared to analyst estimates of $280.39 million. TPG had a net margin of 4.95% and a return on equity of 16.98%. During the same quarter last year, the company posted $0.46 EPS. Equities analysts forecast that TPG Inc. will post 1.25 earnings per share for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Thursday, August 17th. This is an increase from TPG’s previous quarterly dividend of $0.20. TPG’s dividend payout ratio is currently 1,257.14%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of TPG from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. UBS Group reduced their target price on shares of TPG from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 19th. BMO Capital Markets reduced their target price on shares of TPG from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Wednesday, August 9th. Citigroup lifted their target price on shares of TPG from $32.00 to $34.00 in a report on Tuesday, July 18th. Finally, Credit Suisse Group reduced their target price on shares of TPG from $33.00 to $32.50 in a report on Friday, May 19th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.27.

TPG Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. It offers investment management services to TPG Funds, limited partners, and other vehicles; 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.