Moody Lynn & Lieberson LLC Takes Position in TPG Inc. (NASDAQ:TPG)

Moody Lynn & Lieberson LLC purchased a new position in shares of TPG Inc. (NASDAQ:TPG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,921 shares of the company’s stock, valued at approximately $456,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of TPG by 5,656.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,536 shares of the company’s stock valued at $1,988,000 after purchasing an additional 33,936 shares during the last quarter. Signaturefd LLC increased its stake in 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 buying an additional 188 shares during the period. Border to Coast Pensions Partnership Ltd acquired a new position in TPG in the 3rd quarter valued at $4,304,000. Renaissance Capital LLC raised its position in TPG by 20.0% during the 3rd quarter. Renaissance Capital LLC now owns 90,618 shares of the company’s stock worth $5,216,000 after buying an additional 15,131 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of TPG by 55.5% in the 3rd quarter. Creative Planning now owns 10,784 shares of the company’s stock worth $621,000 after acquiring an additional 3,851 shares during the period. 86.79% of the stock is owned by hedge funds and other institutional investors.

TPG Trading Up 2.9 %

NASDAQ:TPG opened at $68.90 on Friday. TPG Inc. has a 52-week low of $26.62 and a 52-week high of $69.27. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $56.31 and a 200-day simple moving average of $48.07. The company has a market capitalization of $25.14 billion, a PE ratio of -196.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53.

TPG (NASDAQ:TPG) last announced its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. TPG had a net margin of 1.08% and a return on equity of 24.27%. The company had revenue of $744.19 million during the quarter, compared to analysts’ expectations of $449.34 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, equities research analysts expect that TPG Inc. will post 1.96 earnings per share for the current fiscal year.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a yield of 2.44%. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio is presently -479.99%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TPG. Evercore ISI boosted their price target on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their target price on TPG from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. 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. TD Cowen cut their price objective on TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Finally, Morgan Stanley raised their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.25.

About TPG

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.