Iron Gate Global Advisors LLC Purchases Shares of 3,500 TPG Inc. (NASDAQ:TPG)

Iron Gate Global Advisors LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPG) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 3,500 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in TPG during the 2nd quarter worth approximately $25,000. Signaturefd LLC raised its stake in shares of TPG by 21.3% during the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after acquiring an additional 188 shares in the last quarter. Covestor Ltd boosted its holdings in TPG by 1,128.3% in the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares in the last quarter. KBC Group NV boosted its stake in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after purchasing an additional 482 shares in the last quarter. Finally, Shoker Investment Counsel Inc. purchased a new stake in shares of TPG during the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 86.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Evercore ISI raised their price target on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Wells Fargo & Company boosted their price target on TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. BMO Capital Markets boosted their price target on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $58.83.

TPG Stock Down 1.5 %

TPG opened at $68.93 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. TPG Inc. has a 1 year low of $35.17 and a 1 year high of $72.98. The firm has a 50 day moving average price of $64.73 and a 200 day moving average price of $52.70. The company has a market cap of $25.16 billion, a PE ratio of -202.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period last year, the company posted $0.56 EPS. Sell-side analysts expect that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, November 14th. TPG’s dividend payout ratio is presently -447.05%.

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.