TPG Inc. (NASDAQ:TPG) Receives $63.00 Average Target Price from Analysts

Shares of TPG Inc. (NASDAQ:TPG) have earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $63.00.

TPG has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. TD Cowen reduced their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company boosted their price objective on shares of TPG from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, December 12th.

TPG Stock Performance

Shares of TPG stock opened at $65.08 on Monday. The stock has a market cap of $23.75 billion, a P/E ratio of -191.41, a P/E/G ratio of 1.11 and a beta of 1.49. The company has a fifty day moving average price of $66.69 and a two-hundred day moving average price of $57.20. TPG has a one year low of $38.20 and a one year high of $72.98. 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 (NASDAQ:TPG) last released its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (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 firm had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. As a group, equities analysts predict that TPG will post 1.95 EPS for the current year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.34%. The ex-dividend date was Thursday, November 14th. TPG’s payout ratio is presently -447.06%.

Institutional Investors Weigh In On TPG

A number of hedge funds have recently added to or reduced their stakes in TPG. Allspring Global Investments Holdings LLC boosted its stake in TPG by 1,871.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,210 shares of the company’s stock valued at $257,000 after purchasing an additional 5,895 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of TPG by 3.3% during the second quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock valued at $296,000 after buying an additional 230 shares during the last quarter. Rhumbline Advisers grew its holdings in TPG by 11.7% during the second quarter. Rhumbline Advisers now owns 77,333 shares of the company’s stock worth $3,205,000 after buying an additional 8,105 shares in the last quarter. National Bank of Canada FI raised its position in TPG by 6.4% in the 2nd quarter. National Bank of Canada FI now owns 99,962 shares of the company’s stock valued at $4,088,000 after buying an additional 5,970 shares during the last quarter. Finally, Quest Partners LLC bought a new position in TPG during the 2nd quarter valued at $606,000. 94.03% of the stock is currently owned by institutional investors.

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.