Signaturefd LLC Acquires 467 Shares of TPG Inc. $TPG

Signaturefd LLC increased its holdings in TPG Inc. (NASDAQ:TPG) by 32.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,910 shares of the company’s stock after buying an additional 467 shares during the period. Signaturefd LLC’s holdings in TPG were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Allworth Financial LP raised its position in shares of TPG by 132.3% in the 1st quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $30,000 after acquiring an additional 369 shares in the last quarter. GAMMA Investing LLC raised its holdings in TPG by 55.7% in the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock worth $50,000 after purchasing an additional 338 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of TPG by 43.8% during the second quarter. Parallel Advisors LLC now owns 1,380 shares of the company’s stock valued at $72,000 after buying an additional 420 shares during the last quarter. Comerica Bank boosted its holdings in shares of TPG by 43.1% in the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after buying an additional 465 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of TPG by 970.4% in the 1st quarter. Larson Financial Group LLC now owns 1,627 shares of the company’s stock worth $77,000 after buying an additional 1,475 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Stock Up 3.8%

TPG stock opened at $58.51 on Friday. The business’s 50-day moving average price is $60.30 and its 200 day moving average price is $53.23. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.45. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of -307.95, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.45 by $0.24. The business had revenue of $495.12 million for the quarter, compared to analyst estimates of $470.57 million. TPG had a return on equity of 25.79% and a net margin of 1.60%.The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, sell-side analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TPG. The Goldman Sachs Group increased their target price on shares of TPG from $61.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Zacks Research upgraded TPG from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Wells Fargo & Company boosted their target price on TPG from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Citigroup increased their price target on TPG from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of TPG in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.07.

Insider Activity

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

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.