TPG (NASDAQ:TPG) Announces Earnings Results, Beats Estimates By $0.10 EPS

TPG (NASDAQ:TPG) released its earnings results on Tuesday. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10, Zacks reports. TPG had a return on equity of 23.45% and a net margin of 0.69%.

TPG Stock Performance

Shares of TPG stock traded down $2.95 during trading hours on Tuesday, hitting $59.43. 388,555 shares of the company were exchanged, compared to its average volume of 842,668. The business has a 50-day moving average of $65.85 and a 200-day moving average of $60.84. TPG has a 1 year low of $39.18 and a 1 year high of $72.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $21.69 billion, a price-to-earnings ratio of -176.27, a P/E/G ratio of 0.88 and a beta of 1.49.

Analyst Upgrades and Downgrades

TPG has been the topic of several recent research reports. BMO Capital Markets upped their target price on shares of 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 upped 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 decreased their target price on TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price target on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company lowered their price objective on TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.00.

Insider Transactions at TPG

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

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.