International Assets Investment Management LLC Buys 33,936 Shares of TPG Inc. (NASDAQ:TPG)

International Assets Investment Management LLC grew its position in shares of TPG Inc. (NASDAQ:TPG - Free Report) by 5,656.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,536 shares of the company's stock after acquiring an additional 33,936 shares during the period. International Assets Investment Management LLC's holdings in TPG were worth $1,988,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of TPG by 18.9% during the 1st quarter. Principal Financial Group Inc. now owns 6,291 shares of the company's stock valued at $281,000 after purchasing an additional 1,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in TPG by 5.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company's stock worth $556,000 after purchasing an additional 680 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of TPG by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company's stock valued at $331,000 after buying an additional 500 shares in the last quarter. FORA Capital LLC grew its position in shares of TPG by 75.3% in the 1st quarter. FORA Capital LLC now owns 27,954 shares of the company's stock worth $1,250,000 after buying an additional 12,010 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of TPG in the 1st quarter worth about $151,000. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of TPG from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. TD Cowen cut their target price on TPG from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Monday, July 8th. Morgan Stanley increased their price objective on shares of TPG from $55.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on shares of TPG from $44.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday, August 7th. Finally, Evercore ISI boosted their price objective on shares of TPG from $46.00 to $60.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, TPG currently has a consensus rating of "Hold" and a consensus price target of $52.25.

TPG Stock Performance

Shares of TPG stock traded down $4.15 on Monday, hitting $61.79. 2,110,207 shares of the company's stock were exchanged, compared to its average volume of 863,368. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $22.54 billion, a PE ratio of -174.17, a PEG ratio of 1.07 and a beta of 1.49. TPG Inc. has a 1 year low of $28.93 and a 1 year high of $69.86. The company has a 50-day simple moving average of $58.52 and a 200-day simple moving average of $49.13.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.06. TPG had a return on equity of 24.27% and a net margin of 1.08%. The business had revenue of $744.19 million during the quarter, compared to analysts' expectations of $449.34 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, equities analysts anticipate that TPG Inc. will post 1.96 EPS for the current year.

TPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, August 16th. This represents a $1.68 annualized dividend and a yield of 2.72%. This is an increase from TPG's previous quarterly dividend of $0.41. TPG's payout ratio is currently -480.00%.

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.