Amalgamated Bank lifted its holdings in TPG Inc. (NASDAQ:TPG – Free Report) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,057 shares of the company’s stock after acquiring an additional 2,227 shares during the quarter. Amalgamated Bank’s holdings in TPG were worth $624,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in TPG. International Assets Investment Management LLC acquired a new position in TPG in the second quarter valued at approximately $25,000. YHB Investment Advisors Inc. purchased a new stake in TPG during the first quarter worth $32,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TPG during the first quarter valued at $112,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in TPG in the first quarter valued at $151,000. Finally, MQS Management LLC acquired a new position in shares of TPG in the first quarter worth about $201,000. Hedge funds and other institutional investors own 86.79% of the company’s stock.
TPG Trading Up 0.3 %
TPG opened at $58.01 on Friday. The stock has a market capitalization of $21.16 billion, a PE ratio of -414.33, a P/E/G ratio of 1.00 and a beta of 1.52. TPG Inc. has a one year low of $26.62 and a one year high of $60.35. 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 business’s 50 day moving average price is $50.73 and its 200 day moving average price is $45.81.
TPG Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is -1,199.91%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TPG. The Goldman Sachs Group lifted their price target on TPG from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. upped their target price on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company initiated coverage on shares of TPG in a research report on Thursday, September 12th. They set an “overweight” rating and a $60.00 price objective for the company. Finally, TD Cowen dropped their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.25.
Get Our Latest Analysis on TPG
Insider Buying and Selling at TPG
In other TPG news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the sale, the director now owns 17,536 shares of the company’s stock, valued at $816,300.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 76.48% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than TPG
- What is the Hang Seng index?
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Why Are These Companies Considered Blue Chips?
- MarketBeat Week in Review – 9/23 – 9/27
- Investing in Travel Stocks Benefits
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Want to see what other hedge funds are holding TPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG Inc. (NASDAQ:TPG – Free Report).
Receive News & Ratings for TPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG and related companies with MarketBeat.com's FREE daily email newsletter.