Chicago Partners Investment Group LLC Buys New Stake in TPG Inc. $TPG

Chicago Partners Investment Group LLC bought a new stake in TPG Inc. (NASDAQ:TPG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,055 shares of the company’s stock, valued at approximately $228,000.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in TPG by 132.3% in the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $30,000 after buying an additional 369 shares during the last quarter. GAMMA Investing LLC increased its holdings in TPG by 55.7% in the second quarter. GAMMA Investing LLC now owns 945 shares of the company’s stock valued at $50,000 after buying an additional 338 shares during the last quarter. Parallel Advisors LLC increased its holdings in TPG by 43.8% in 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. Signaturefd LLC increased its holdings in TPG by 27.0% in the first quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock valued at $68,000 after buying an additional 307 shares during the last quarter. Finally, Comerica Bank increased its holdings in TPG by 43.1% in the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock valued at $73,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of TPG opened at $56.51 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $21.35 billion, a price-to-earnings ratio of -297.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.53. TPG Inc. has a fifty-two week low of $37.52 and a fifty-two week high of $72.98. The firm has a 50-day simple moving average of $59.23 and a 200-day simple moving average of $54.24.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.24. The firm had revenue of $495.12 million during the quarter, compared to the consensus estimate of $470.57 million. TPG had a net margin of 1.60% and a return on equity of 25.79%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, equities research 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. Investors of record on Monday, August 18th were given a $0.59 dividend. The ex-dividend date was Monday, August 18th. This is an increase from TPG’s previous quarterly dividend of $0.41. This represents a $2.36 dividend on an annualized basis and a yield of 4.2%. TPG’s payout ratio is -1,242.11%.

Wall Street Analysts Forecast Growth

TPG has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on TPG in a report on Friday, October 3rd. They issued an “outperform” rating and a $65.00 target price on the stock. The Goldman Sachs Group raised their price objective on TPG from $61.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Citigroup dropped their price objective on TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. UBS Group set a $78.00 price objective on TPG in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TPG in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, TPG presently has an average rating of “Moderate Buy” and a consensus target price of $65.64.

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.