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

TPG Inc. (NASDAQ:TPG) has received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $52.25.

TPG has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their target price on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company increased their price target on shares of TPG from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, TD Cowen decreased their price target on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Monday, July 8th.

Institutional Trading of TPG

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of TPG by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock worth $261,199,000 after buying an additional 320,972 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of TPG in the first quarter worth approximately $451,000. Principal Financial Group Inc. boosted its position in shares of TPG by 18.9% in the first quarter. Principal Financial Group Inc. now owns 6,291 shares of the company’s stock worth $281,000 after acquiring an additional 1,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of TPG by 5.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,430 shares of the company’s stock worth $556,000 after acquiring an additional 680 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of TPG by 7.2% in the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock worth $331,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 86.79% of the company’s stock.

TPG Trading Up 1.2 %

Shares of NASDAQ:TPG opened at $67.50 on Wednesday. TPG has a 52 week low of $26.62 and a 52 week high of $67.70. The company’s 50 day moving average is $55.13 and its two-hundred day moving average is $47.63. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. The company has a market cap of $24.63 billion, a PE ratio of -192.85, a P/E/G ratio of 1.05 and a beta of 1.53.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $744.19 million for the quarter, compared to the consensus estimate of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same period last year, the firm posted $0.26 EPS. Equities analysts predict that TPG will post 1.96 earnings per share for the current fiscal year.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is -479.99%.

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.