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

Shares of TPG Inc. (NASDAQ:TPG) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $63.00.

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen reduced their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. 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. BMO Capital Markets boosted their target price on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th.

TPG Price Performance

TPG opened at $67.05 on Friday. TPG has a 1 year low of $39.18 and a 1 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. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of -197.20, a P/E/G ratio of 0.95 and a beta of 1.49. The firm’s fifty day moving average price is $66.69 and its two-hundred day moving average price is $59.85.

TPG (NASDAQ:TPG) last announced its earnings results 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 during the quarter, compared to analyst estimates of $449.98 million. During the same period last year, the firm posted $0.56 EPS. As a group, analysts anticipate that TPG will post 1.95 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a $0.38 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. TPG’s dividend payout ratio is currently -447.05%.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the transaction, the director now directly owns 15,841 shares in the company, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 76.48% of the company’s stock.

Institutional Investors Weigh In On TPG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TPG. Franklin Resources Inc. lifted its position in shares of TPG by 10.1% in the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock valued at $161,921,000 after acquiring an additional 244,373 shares in the last quarter. Lord Abbett & CO. LLC raised 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. Geode Capital Management LLC lifted its holdings in shares of TPG by 7.7% in the third 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. State Street Corp boosted its position in shares of TPG by 5.0% during the third quarter. State Street Corp now owns 1,421,981 shares of the company’s stock worth $81,849,000 after acquiring an additional 67,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in TPG by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,998 shares of the company’s stock valued at $44,379,000 after acquiring an additional 31,638 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other 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.