ABN Amro Investment Solutions Buys Shares of 61,579 TPG Inc. $TPG

ABN Amro Investment Solutions bought a new position in shares of TPG Inc. (NASDAQ:TPG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 61,579 shares of the company’s stock, valued at approximately $3,230,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of TPG by 3.1% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,828 shares of the company’s stock valued at $411,000 after purchasing an additional 238 shares during the last quarter. QRG Capital Management Inc. lifted its stake in TPG by 3.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,251 shares of the company’s stock valued at $433,000 after purchasing an additional 241 shares during the last quarter. Signaturefd LLC boosted its position 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 in the last quarter. GAMMA Investing LLC boosted its position 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 in the last quarter. Finally, Allworth Financial LP grew its stake in shares of TPG by 132.3% during the first quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $30,000 after buying an additional 369 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TPG. TD Cowen increased their price target on TPG from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. UBS Group set a $78.00 target price on TPG in a report on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of TPG in a research note on Wednesday, October 8th. Zacks Research cut TPG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, Cowen reiterated a “hold” rating on shares of TPG in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, TPG has a consensus rating of “Moderate Buy” and an average price target of $66.62.

TPG Price Performance

Shares of TPG opened at $57.87 on Friday. The business has a 50-day moving average of $57.97 and a 200-day moving average of $55.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of 643.00, a price-to-earnings-growth ratio of 1.07 and a beta of 1.52. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, November 4th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). TPG had a net margin of 2.83% and a return on equity of 25.79%. The firm had revenue of $509.40 million for the quarter, compared to analyst estimates of $510.32 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts anticipate that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.1%. TPG’s dividend payout ratio is 2,622.22%.

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.