State of New Jersey Common Pension Fund D Acquires Shares of 39,271 TPG Inc. (NASDAQ:TPG)

State of New Jersey Common Pension Fund D bought a new position in shares of TPG Inc. (NASDAQ:TPG) in the third quarter, Holdings Channel reports. The fund bought 39,271 shares of the company’s stock, valued at approximately $2,260,000.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in TPG in the 2nd quarter valued at $25,000. Signaturefd LLC increased its position in shares of TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares during the period. Covestor Ltd raised 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 purchasing an additional 1,715 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in TPG during the first quarter worth about $112,000. Finally, MQS Management LLC acquired a new stake in TPG during the first quarter worth about $201,000. Institutional investors own 86.79% of the company’s stock.

TPG Trading Up 0.6 %

NASDAQ TPG opened at $65.90 on Friday. TPG Inc. has a 12 month low of $33.45 and a 12 month high of $70.67. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $24.04 billion, a PE ratio of -193.82, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The business’s 50-day moving average price is $61.36 and its two-hundred day moving average price is $50.45.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The firm had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. During the same quarter last year, the business earned $0.56 EPS. On average, analysts expect that TPG Inc. will post 1.94 EPS for the current year.

TPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.52 annualized dividend and a yield of 2.31%. TPG’s payout ratio is -494.10%.

Analyst Ratings Changes

TPG has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets lifted their price target on TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley lifted 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, TPG presently has a consensus rating of “Hold” and an average target price of $57.67.

TPG Company 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.