Chicago Partners Investment Group LLC Makes New Investment in TPG Inc. (NASDAQ:TPG)

Chicago Partners Investment Group LLC purchased a new stake in shares of TPG Inc. (NASDAQ:TPG) in the third quarter, Holdings Channel.com reports. The firm purchased 3,616 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in TPG by 21.6% during the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after buying an additional 1,305,799 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of TPG by 5.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock valued at $278,161,000 after acquiring an additional 366,306 shares in the last quarter. Capital International Investors raised its holdings in shares of TPG by 9.6% in the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after acquiring an additional 336,665 shares in the last quarter. Millennium Management LLC boosted its position in shares of TPG by 32.4% during the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after acquiring an additional 922,571 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of TPG by 13.9% during the second quarter. American Century Companies Inc. now owns 1,240,450 shares of the company’s stock worth $51,417,000 after purchasing an additional 151,317 shares in the last quarter. Institutional investors own 86.79% of the company’s stock.

TPG Stock Performance

NASDAQ:TPG opened at $60.88 on Wednesday. The firm has a market cap of $22.21 billion, a PE ratio of -172.37, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49. TPG Inc. has a fifty-two week low of $28.93 and a fifty-two week high of $69.86. The business has a 50 day moving average price of $58.74 and a 200-day moving average price of $49.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG) last released its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. TPG had a net margin of 1.08% and a return on equity of 24.27%. The firm had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. During the same period last year, the business earned $0.56 earnings per share. Equities research analysts predict that TPG Inc. will post 1.96 earnings per share for the current year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.50%. TPG’s dividend payout ratio is currently -479.99%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TPG. Deutsche Bank Aktiengesellschaft raised their target price on shares of TPG from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday. The Goldman Sachs Group increased their target price on TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Evercore ISI lifted 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. Finally, BMO Capital Markets upped their price objective on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.17.

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.