Parcion Private Wealth LLC Takes Position in TPG Inc. (NASDAQ:TPG)

Parcion Private Wealth LLC purchased a new stake in TPG Inc. (NASDAQ:TPG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 93,893 shares of the company’s stock, valued at approximately $3,892,000.

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of TPG during the 2nd quarter worth approximately $25,000. YHB Investment Advisors Inc. bought a new position in shares of TPG during the 1st quarter worth approximately $32,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of TPG during the 1st quarter worth approximately $112,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of TPG during the 1st quarter worth approximately $151,000. Finally, MQS Management LLC bought a new position in shares of TPG during the 1st quarter worth approximately $201,000. Institutional investors own 86.79% of the company’s stock.

TPG Stock Performance

Shares of TPG stock traded down $0.91 during trading on Friday, reaching $48.74. The company’s stock had a trading volume of 1,089,337 shares, compared to its average volume of 693,117. The company has a 50-day moving average price of $46.84 and a two-hundred day moving average price of $44.56. The firm has a market cap of $17.77 billion, a PE ratio of -348.14, a P/E/G ratio of 0.85 and a beta of 1.52. TPG Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $51.62. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating 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 firm had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. During the same period last year, the firm posted $0.26 EPS. On average, analysts forecast that TPG Inc. will post 2.01 EPS for the current year.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, August 16th. This is a boost from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.45%. TPG’s dividend payout ratio is -1,200.00%.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 4,089 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the transaction, the director now directly owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TPG shares. Morgan Stanley upgraded shares of TPG from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $43.00 to $52.00 in a research note on Friday, May 10th. JPMorgan Chase & Co. upped their price target on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, TD Cowen cut their price target on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, TPG presently has an average rating of “Hold” and a consensus price target of $44.42.

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.