TPG Inc. (NASDAQ:TPG) Receives Consensus Rating of “Hold” from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have received an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $57.67.

A number of equities research analysts have recently weighed in on TPG shares. TD Cowen dropped their price target on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their price objective on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI boosted their price objective on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, Morgan Stanley lifted their price target on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th.

TPG Price Performance

Shares of TPG opened at $64.67 on Friday. The company has a 50 day moving average of $61.68 and a two-hundred day moving average of $50.64. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a twelve month low of $33.69 and a twelve month high of $70.67. The company has a market cap of $23.59 billion, a price-to-earnings ratio of -190.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.49.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $449.98 million. During the same quarter last year, the firm earned $0.56 EPS. As a group, analysts predict that TPG will post 1.94 earnings per share for the current fiscal year.

TPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, November 14th. TPG’s payout ratio is presently -447.06%.

Institutional Trading of TPG

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in TPG by 7.2% in the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock valued at $331,000 after buying an additional 500 shares in the last quarter. SG Americas Securities LLC raised its holdings in TPG by 44.7% in the 1st quarter. SG Americas Securities LLC now owns 5,505 shares of the company’s stock worth $246,000 after purchasing an additional 1,700 shares during the period. Swiss National Bank raised its holdings in TPG by 45.2% in the 1st quarter. Swiss National Bank now owns 155,100 shares of the company’s stock worth $6,933,000 after purchasing an additional 48,300 shares during the period. Russell Investments Group Ltd. boosted its position in TPG by 9.5% during the first quarter. Russell Investments Group Ltd. now owns 171,758 shares of the company’s stock worth $7,678,000 after purchasing an additional 14,865 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in TPG by 21.6% in the first quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after purchasing an additional 1,305,799 shares during the period. 86.79% 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.