TPG Inc. $TPG Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in TPG Inc. (NASDAQ:TPG) by 17.5% during the second quarter, HoldingsChannel.com reports. The firm owned 6,475 shares of the company’s stock after buying an additional 965 shares during the period. Janney Montgomery Scott LLC’s holdings in TPG were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Signaturefd LLC raised its position in shares of 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 purchasing an additional 307 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 338 shares in the last quarter. Allworth Financial LP raised its position in shares of 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 purchasing an additional 369 shares in the last quarter. Parallel Advisors LLC raised its position in shares of 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 purchasing an additional 420 shares in the last quarter. Finally, Comerica Bank raised its position in shares of 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 purchasing an additional 465 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TPG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised TPG from a “neutral” rating to an “overweight” rating and upped their target price for the company from $65.00 to $78.00 in a research report on Monday, October 6th. BNP Paribas upgraded TPG to a “strong-buy” rating in a report on Wednesday, July 30th. BMO Capital Markets began coverage on TPG in a report on Friday, October 3rd. They issued an “outperform” rating and a $65.00 price target for the company. Bank of America boosted their price target on TPG from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Citigroup lowered their price target on TPG from $70.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.50.

TPG Price Performance

Shares of TPG opened at $54.90 on Monday. The company has a market cap of $20.75 billion, a P/E ratio of -288.95, a PEG ratio of 1.00 and a beta of 1.53. The stock has a fifty day moving average price of $59.94 and a 200 day moving average price of $53.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.40 and a quick ratio of 0.40. TPG Inc. has a 12 month low of $37.52 and a 12 month high of $72.98.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.69 EPS for the quarter, topping 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 return on equity of 25.79% and a net margin of 1.60%.The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, research analysts forecast that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, August 18th. This is an increase from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is currently -1,242.11%.

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.