ORG Wealth Partners LLC Makes New Investment in TPG Inc. (NASDAQ:TPG)

ORG Wealth Partners LLC purchased a new stake in TPG Inc. (NASDAQ:TPG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 531 shares of the company’s stock, valued at approximately $33,000.

Other large investors have also modified their holdings of the company. Signaturefd LLC raised its stake in TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after buying an additional 188 shares in the last quarter. Covestor Ltd increased its holdings in shares of TPG by 1,128.3% in the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after acquiring an additional 1,715 shares during the period. KBC Group NV raised its position in shares of TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares in the last quarter. Quarry LP lifted its stake in shares of TPG by 136.2% during the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after purchasing an additional 1,846 shares during the last quarter. Finally, Iron Gate Global Advisors LLC bought a new stake in TPG during the third quarter valued at about $201,000. Institutional investors own 94.03% of the company’s stock.

TPG Price Performance

Shares of NASDAQ TPG opened at $62.40 on Friday. TPG Inc. has a 52 week low of $38.20 and a 52 week high of $72.98. The business’s 50 day moving average price is $66.64 and its 200 day moving average price is $57.26. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. The firm has a market cap of $22.77 billion, a P/E ratio of -183.52, a P/E/G ratio of 1.11 and a beta of 1.49.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The business had revenue of $855.40 million for the quarter, compared to the consensus estimate of $449.98 million. During the same period in the prior year, the firm earned $0.56 EPS. On average, sell-side analysts expect that TPG Inc. will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.44%. TPG’s payout ratio is currently -447.06%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen decreased their price target on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of TPG from $68.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI upped their price target on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. The Goldman Sachs Group raised their price objective on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley upped their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.00.

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.