TPG (NASDAQ:TPG) Announces Quarterly Earnings Results

TPG (NASDAQ:TPG) issued its quarterly earnings results on Tuesday. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10, Zacks reports. TPG had a net margin of 0.69% and a return on equity of 23.45%.

TPG Stock Performance

TPG stock opened at $60.85 on Thursday. TPG has a 52 week low of $39.18 and a 52 week high of $72.98. The firm has a 50-day simple moving average of $65.50 and a 200-day simple moving average of $60.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25.

TPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 3.48%. This is a boost from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is currently -447.05%.

Insider Buying and Selling

In other TPG 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 completion of the sale, the director now owns 15,841 shares in the company, valued at approximately $980,716.31. This represents a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 76.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TPG. BMO Capital Markets upped their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft lifted their target price on TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI increased their price target on shares of TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a report on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.08.

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.