TPG (NASDAQ:TPG) Price Target Raised to $50.00 at UBS Group

TPG (NASDAQ:TPGFree Report) had its target price lifted by UBS Group from $45.00 to $50.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Citigroup boosted their price objective on TPG from $46.00 to $50.00 and gave the stock a buy rating in a research note on Thursday, February 15th. Keefe, Bruyette & Woods upped their price target on TPG from $42.00 to $48.00 and gave the company a market perform rating in a research note on Wednesday, February 14th. BMO Capital Markets reaffirmed a market perform rating and issued a $42.00 price target (up previously from $36.00) on shares of TPG in a research note on Wednesday, February 14th. The Goldman Sachs Group reaffirmed a buy rating on shares of TPG in a research note on Monday, April 1st. Finally, TD Cowen started coverage on TPG in a research note on Thursday, January 4th. They issued a market perform rating and a $38.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, TPG presently has an average rating of Hold and a consensus target price of $39.96.

View Our Latest Analysis on TPG

TPG Stock Down 3.2 %

Shares of TPG opened at $43.31 on Friday. The stock has a 50 day moving average price of $44.33 and a 200 day moving average price of $38.58. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.28. TPG has a one year low of $24.74 and a one year high of $47.20.

TPG (NASDAQ:TPGGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. The company had revenue of $529.90 million for the quarter, compared to analyst estimates of $395.30 million. TPG had a return on equity of 18.69% and a net margin of 3.35%. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, analysts forecast that TPG will post 2.1 EPS for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.76 annualized dividend and a yield of 4.06%. TPG’s dividend payout ratio (DPR) is -4,398.90%.

Insiders Place Their Bets

In other TPG news, COO Anilu Vazquez-Ubarri sold 101,937 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $4,244,656.68. Following the sale, the chief operating officer now owns 333,711 shares in the company, valued at approximately $13,895,726.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Martin Davidson sold 39,317 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $1,637,159.88. Following the transaction, the chief accounting officer now owns 30,991 shares in the company, valued at approximately $1,290,465.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Anilu Vazquez-Ubarri sold 101,937 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $4,244,656.68. Following the completion of the transaction, the chief operating officer now owns 333,711 shares in the company, valued at approximately $13,895,726.04. The disclosure for this sale can be found here. Insiders have sold a total of 2,434,129 shares of company stock worth $101,357,132 in the last quarter. 78.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its stake in TPG by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock worth $1,229,000 after buying an additional 280 shares during the last quarter. UBS Group AG grew its stake in TPG by 0.4% during the 2nd quarter. UBS Group AG now owns 105,200 shares of the company’s stock worth $2,516,000 after buying an additional 375 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in TPG by 1.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 30,073 shares of the company’s stock worth $906,000 after buying an additional 384 shares during the last quarter. Arizona State Retirement System grew its stake in TPG by 2.8% during the 3rd quarter. Arizona State Retirement System now owns 15,429 shares of the company’s stock worth $465,000 after buying an additional 423 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in TPG by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 30,916 shares of the company’s stock worth $861,000 after buying an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

TPG Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for TPG (NASDAQ:TPG)

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