Amalgamated Bank Sells 10,284 Shares of TPG Inc. (NASDAQ:TPG)

Amalgamated Bank decreased its position in shares of TPG Inc. (NASDAQ:TPG) by 68.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,773 shares of the company’s stock after selling 10,284 shares during the period. Amalgamated Bank’s holdings in TPG were worth $275,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake 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 purchasing an additional 500 shares during the last quarter. SG Americas Securities LLC raised 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 worth $246,000 after buying an additional 1,700 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of TPG by 9.5% during the 1st quarter. Russell Investments Group Ltd. now owns 171,758 shares of the company’s stock worth $7,678,000 after buying an additional 14,865 shares during the last quarter. Vanguard Group Inc. boosted its stake in TPG by 21.6% in the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after buying an additional 1,305,799 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in TPG in the first quarter valued at about $935,000. 86.79% of the stock is owned by institutional investors.

TPG Trading Down 1.9 %

NASDAQ TPG opened at $64.67 on Monday. The firm has a market capitalization of $23.59 billion, a PE ratio of -190.20, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. The business’s 50-day moving average price is $61.68 and its two-hundred day moving average price is $50.69. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG Inc. has a 12 month low of $33.69 and a 12 month high of $70.67.

TPG (NASDAQ:TPG) last announced its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The business had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same period in the prior year, the business posted $0.56 earnings per share. 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 paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, November 14th. TPG’s dividend payout ratio is presently -447.05%.

Wall Street Analyst Weigh In

TPG has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley increased their price objective on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets upped their price target on shares of TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Finally, Evercore ISI raised their price objective on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.