Private Wealth Partners LLC Purchases 19,710 Shares of TPG Inc. $TPG

Private Wealth Partners LLC raised its position in shares of TPG Inc. (NASDAQ:TPG) by 8.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 242,610 shares of the company’s stock after purchasing an additional 19,710 shares during the period. Private Wealth Partners LLC’s holdings in TPG were worth $9,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Comerica Bank lifted its stake in shares of TPG by 43.1% during 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. Royal Bank of Canada boosted its stake in shares of TPG by 86.3% in the first quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock worth $375,000 after acquiring an additional 3,659 shares during the period. Goldman Sachs Group Inc. grew its position in shares of TPG by 4,109.1% during the first quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock worth $27,083,000 after purchasing an additional 557,438 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of TPG by 156.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after purchasing an additional 294,941 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in TPG during the 2nd quarter valued at approximately $216,000. 94.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TPG shares. Morgan Stanley set a $60.00 price objective on shares of TPG in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of TPG in a report on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and set a $61.00 price objective on shares of TPG in a report on Tuesday, May 5th. Weiss Ratings cut TPG from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, UBS Group boosted their target price on TPG from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

TPG Price Performance

TPG stock opened at $41.43 on Friday. TPG Inc. has a 52 week low of $36.95 and a 52 week high of $70.38. The firm has a market capitalization of $15.92 billion, a P/E ratio of 188.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45. The company has a fifty day simple moving average of $42.13 and a two-hundred day simple moving average of $48.39. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last announced its earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. The firm had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. Analysts anticipate that TPG Inc. will post 2.86 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, May 11th. TPG’s dividend payout ratio (DPR) is presently 1,072.73%.

TPG Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.