TPG Inc. $TPG Shares Acquired by MAI Capital Management

MAI Capital Management boosted its stake in shares of TPG Inc. (NASDAQ:TPG) by 572.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,190 shares of the company’s stock after purchasing an additional 1,013 shares during the quarter. MAI Capital Management’s holdings in TPG were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in TPG in the second quarter valued at $37,000. GAMMA Investing LLC lifted its position 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 purchasing an additional 338 shares during the last quarter. Parallel Advisors LLC boosted its stake in TPG by 43.8% during 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 during the period. Comerica Bank grew its position in TPG by 43.1% in the 1st quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after purchasing an additional 465 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of TPG by 32.4% in the second quarter. Signaturefd LLC now owns 1,910 shares of the company’s stock valued at $100,000 after purchasing an additional 467 shares during the period. 94.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TPG shares. Weiss Ratings reissued a “hold (c)” rating on shares of TPG in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on TPG from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Bank of America lifted their price objective on shares of TPG from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Morgan Stanley upped their price objective on shares of TPG from $58.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Finally, Citigroup lowered their target price on shares of TPG from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.62.

TPG Price Performance

Shares of TPG stock opened at $59.12 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $56.96 and its two-hundred day moving average price is $56.04. TPG Inc. has a 52 week low of $37.52 and a 52 week high of $71.11. The stock has a market cap of $22.35 billion, a PE ratio of 656.89, a price-to-earnings-growth ratio of 1.08 and a beta of 1.52.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $509.40 million for the quarter, compared to the consensus estimate of $510.32 million. TPG had a net margin of 2.83% and a return on equity of 25.79%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. As a group, sell-side analysts anticipate that TPG Inc. will post 2.52 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. TPG’s dividend payout ratio is currently 2,000.00%.

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.