Janney Montgomery Scott LLC Boosts Holdings in TPG Inc. $TPG

Janney Montgomery Scott LLC raised its holdings in TPG Inc. (NASDAQ:TPG) by 17.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,475 shares of the company’s stock after buying an additional 965 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TPG were worth $340,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TPG. Allworth Financial LP grew its holdings in TPG by 132.3% in the 1st 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 period. GAMMA Investing LLC grew its holdings in TPG by 55.7% in the 2nd 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 period. Signaturefd LLC grew its holdings in TPG by 27.0% in the 1st 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 period. Parallel Advisors LLC grew its holdings in TPG by 43.8% in the 2nd 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 period. Finally, Comerica Bank grew its holdings in 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 during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TPG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TPG in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on TPG from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Citigroup reduced their price objective on TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Bank of America lifted their price objective on TPG from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Zacks Research lowered TPG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.50.

TPG Stock Performance

TPG stock opened at $54.90 on Monday. The stock’s 50 day moving average price is $59.94 and its 200 day moving average price is $53.78. The firm has a market capitalization of $20.75 billion, a PE ratio of -288.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.40 and a current ratio of 0.40. TPG Inc. has a one year low of $37.52 and a one year high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.45 by $0.24. The firm 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%.TPG’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. As a group, sell-side analysts expect that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a dividend of $0.59 per share. This is a boost from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.36 annualized dividend and a yield of 4.3%. TPG’s dividend payout ratio is presently -1,242.11%.

TPG 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.