TPG Inc. (NASDAQ:TPG) Receives $39.96 Consensus Price Target from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have received a consensus rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.96.

TPG has been the topic of a number of research reports. UBS Group upped their price target on TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, April 12th. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Tuesday, April 9th. Morgan Stanley boosted their price objective on shares of TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. TheStreet downgraded shares of TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Finally, Keefe, Bruyette & Woods upped their price target on shares of TPG from $42.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th.

TPG Price Performance

TPG stock opened at $44.17 on Wednesday. The company has a market cap of $16.11 billion, a P/E ratio of -1,103.97, a price-to-earnings-growth ratio of 0.75 and a beta of 1.60. TPG has a one year low of $24.74 and a one year high of $47.20. The business has a fifty day moving average of $44.33 and a two-hundred day moving average of $40.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.16 and a current ratio of 0.16.

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.41 by $0.10. TPG had a net margin of 3.35% and a return on equity of 18.69%. The firm had revenue of $529.90 million during the quarter, compared to analysts’ expectations of $395.30 million. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was up 51.3% compared to the same quarter last year. As a group, analysts predict that TPG will post 2.09 earnings per share for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, February 22nd. TPG’s dividend payout ratio (DPR) is -4,398.90%.

Insider Activity at TPG

In other TPG news, CAO Martin Davidson sold 39,317 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $1,637,159.88. Following the sale, the chief accounting officer now directly owns 30,991 shares of the company’s stock, valued at approximately $1,290,465.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other TPG news, CAO Martin Davidson sold 39,317 shares of TPG stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $1,637,159.88. Following the transaction, the chief accounting officer now owns 30,991 shares in the company, valued at approximately $1,290,465.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman James G. Coulter sold 16,949 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $705,756.36. Following the sale, the chairman now owns 386,936 shares of the company’s stock, valued at $16,112,015.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,434,129 shares of company stock worth $101,357,132. 78.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TPG

Institutional investors have recently bought and sold shares of the business. TimesSquare Capital Management LLC boosted its position in shares of TPG by 11.6% in the third quarter. TimesSquare Capital Management LLC now owns 2,211,111 shares of the company’s stock worth $66,599,000 after buying an additional 229,481 shares during the period. Jacobs Levy Equity Management Inc. grew its position in TPG by 72.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company’s stock valued at $18,988,000 after acquiring an additional 265,706 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of TPG by 3.3% during the third quarter. Vanguard Group Inc. now owns 5,729,509 shares of the company’s stock valued at $172,573,000 after purchasing an additional 182,885 shares during the period. Invesco Ltd. lifted its position in shares of TPG by 13.2% during the third quarter. Invesco Ltd. now owns 498,617 shares of the company’s stock worth $15,018,000 after purchasing an additional 58,140 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of TPG in the fourth quarter valued at $164,000. 86.79% of the stock is currently owned by hedge funds and other 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.