TPG Inc. (NASDAQ:TPG) Given Average Recommendation of “Hold” by Analysts

Shares of TPG Inc. (NASDAQ:TPG) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $63.00.

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley raised their price target on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. The Goldman Sachs Group upped their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company increased their price objective on TPG from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, TD Cowen reduced their target price on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TPG. Massachusetts Financial Services Co. MA raised its holdings in TPG by 5.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after acquiring an additional 366,306 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of TPG by 32.4% during the second quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after purchasing an additional 922,571 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of TPG by 10.1% during the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after purchasing an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of TPG by 146.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after buying an additional 992,818 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in TPG by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after buying an additional 102,663 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

TPG Trading Down 4.1 %

NASDAQ:TPG opened at $62.40 on Monday. TPG has a 12 month low of $38.20 and a 12 month high of $72.98. 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’s 50 day moving average is $66.64 and its 200 day moving average is $57.26. The stock has a market capitalization of $22.77 billion, a PE ratio of -183.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $855.40 million during the quarter, compared to analyst estimates of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same quarter last year, the firm posted $0.56 EPS. Sell-side analysts expect that TPG will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Thursday, November 14th. TPG’s dividend payout ratio is presently -447.06%.

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.