EP Wealth Advisors LLC Purchases Shares of 8,006 TPG Inc. (NASDAQ:TPG)

EP Wealth Advisors LLC purchased a new stake in shares of TPG Inc. (NASDAQ:TPG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,006 shares of the company's stock, valued at approximately $461,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in TPG in the 2nd quarter valued at $25,000. Signaturefd LLC increased its holdings in shares of TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company's stock worth $62,000 after purchasing an additional 188 shares during the last quarter. Covestor Ltd boosted its stake in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company's stock valued at $107,000 after buying an additional 1,715 shares during the last quarter. KBC Group NV grew its holdings in TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company's stock valued at $138,000 after buying an additional 482 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company's stock worth $184,000 after acquiring an additional 1,846 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Trading Down 1.3 %

Shares of NASDAQ TPG traded down $0.89 during midday trading on Friday, reaching $67.48. 393,693 shares of the company's stock traded hands, compared to its average volume of 897,479. The stock's 50 day simple moving average is $66.45 and its 200-day simple moving average is $54.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. TPG Inc. has a one year low of $38.20 and a one year high of $72.98.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, research analysts predict that TPG Inc. will post 1.95 EPS for the current fiscal year.

TPG Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, November 14th. TPG's payout ratio is presently -447.05%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of TPG from $45.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price target on TPG from $68.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday. TD Cowen decreased their price objective on TPG from $62.00 to $58.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on TPG from $55.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on TPG from $67.00 to $69.00 and gave the company a "buy" rating in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $60.08.

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.