TPG Inc. (NASDAQ:TPG) Receives Average Recommendation of “Hold” from Analysts

Shares of TPG Inc. (NASDAQ:TPG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $63.18.

Several brokerages have recently commented on TPG. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Thursday, February 13th. BMO Capital Markets boosted their price target on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Wells Fargo & Company dropped their price target on TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Keefe, Bruyette & Woods boosted their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, Evercore ISI raised their target price on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th.

TPG Trading Down 2.3 %

TPG stock opened at $51.33 on Friday. TPG has a 12-month low of $39.18 and a 12-month high of $72.98. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of -116.66, a P/E/G ratio of 0.80 and a beta of 1.54. The firm has a 50 day moving average of $58.00 and a 200 day moving average of $61.87. The company has a current ratio of 0.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.36.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, research analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.53 per share. This is a boost from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a yield of 4.13%. The ex-dividend date was Friday, February 21st. TPG’s payout ratio is presently -481.82%.

Insider Activity

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the sale, the director now directly owns 15,841 shares of the company’s stock, valued at $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the transaction, the general counsel now owns 290,841 shares of the company’s stock, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

Institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors lifted its holdings in TPG by 484.6% during the 4th quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock valued at $192,625,000 after buying an additional 2,541,013 shares in the last quarter. Norges Bank bought a new stake in shares of TPG during the fourth quarter valued at approximately $100,675,000. JPMorgan Chase & Co. boosted its holdings in shares of TPG by 2,515.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock valued at $104,296,000 after purchasing an additional 1,596,254 shares during the period. Lord Abbett & CO. LLC grew its stake in TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after purchasing an additional 992,818 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in TPG by 66.8% during the 4th quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock worth $141,001,000 after purchasing an additional 898,943 shares during the period. 94.03% of the stock is owned by institutional investors.

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.