Amalgamated Bank Has $275,000 Stock Holdings in TPG Inc. (NASDAQ:TPG)

Amalgamated Bank decreased its position in shares of TPG Inc. (NASDAQ:TPG) by 68.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,773 shares of the company’s stock after selling 10,284 shares during the quarter. Amalgamated Bank’s holdings in TPG were worth $275,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in TPG by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after acquiring an additional 500 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of TPG by 44.7% during the 1st quarter. SG Americas Securities LLC now owns 5,505 shares of the company’s stock valued at $246,000 after purchasing an additional 1,700 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of TPG by 9.5% in the 1st quarter. Russell Investments Group Ltd. now owns 171,758 shares of the company’s stock valued at $7,678,000 after purchasing an additional 14,865 shares during the period. Vanguard Group Inc. increased its stake in TPG by 21.6% during the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock worth $328,826,000 after purchasing an additional 1,305,799 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in TPG during the 1st quarter worth approximately $935,000. Institutional investors and hedge funds own 86.79% of the company’s stock.

TPG Trading Down 1.9 %

Shares of TPG stock opened at $64.67 on Monday. TPG Inc. has a 1 year low of $33.69 and a 1 year high of $70.67. The company has a market capitalization of $23.59 billion, a price-to-earnings ratio of -190.20, a P/E/G ratio of 1.08 and a beta of 1.49. The business has a fifty day simple moving average of $61.68 and a two-hundred day simple moving average of $50.69. 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 issued its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The company 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 in the previous year, the company posted $0.56 earnings per share. Research analysts forecast that TPG Inc. will post 1.94 EPS for the current year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, November 14th. TPG’s dividend payout ratio is currently -447.05%.

Analyst Ratings Changes

Several research firms have issued reports on TPG. JPMorgan Chase & Co. lifted their price target on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their target price on TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Evercore ISI boosted their target price on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Morgan Stanley raised their price target on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, TD Cowen lowered their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $57.67.

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.