JPMorgan Chase & Co. Has $3.65 Million Position in TPG Inc. (NASDAQ:TPG)

JPMorgan Chase & Co. grew its position in TPG Inc. (NASDAQ:TPG) by 38.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,449 shares of the company’s stock after purchasing an additional 17,709 shares during the period. JPMorgan Chase & Co.’s holdings in TPG were worth $3,652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after purchasing an additional 188 shares during the period. Covestor Ltd lifted its stake in TPG by 1,128.3% in 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 in the last quarter. KBC Group NV boosted its holdings in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares during the period. Quarry LP increased its position in shares of TPG by 136.2% during the third 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. Finally, Iron Gate Global Advisors LLC acquired a new stake in shares of TPG during the third quarter worth $201,000. 94.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TPG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen decreased their price objective on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley upped their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lowered their price objective on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.00.

TPG Stock Performance

Shares of TPG opened at $67.03 on Friday. The company has a market cap of $24.46 billion, a PE ratio of -197.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.49. The firm has a 50-day moving average of $66.58 and a 200-day moving average of $58.32. TPG Inc. has a one year low of $38.50 and a one year high of $72.98. 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 (NASDAQ:TPG) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million during the quarter, compared to analysts’ expectations of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same quarter last year, the company posted $0.56 earnings per share. As a group, equities analysts forecast that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, November 14th. TPG’s payout ratio is presently -447.05%.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is owned by company insiders.

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.