TPG (NASDAQ:TPG) PT Raised to $60.00

TPG (NASDAQ:TPG) had its price objective increased by The Goldman Sachs Group from $53.00 to $60.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on TPG. JPMorgan Chase & Co. upped their target price 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. TD Cowen dropped their price objective on shares of TPG from $44.00 to $42.00 and set a hold rating on the stock in a research note on Monday, July 8th. Finally, Wells Fargo & Company assumed coverage on shares of TPG in a research note on Thursday, September 12th. They set an overweight rating and a $60.00 price objective on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $47.25.

TPG Stock Up 1.3 %

Shares of NASDAQ TPG opened at $57.18 on Friday. The firm’s 50-day moving average price is $47.98 and its 200-day moving average price is $44.88. 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 stock has a market capitalization of $20.85 billion, a price-to-earnings ratio of -408.57, a P/E/G ratio of 0.92 and a beta of 1.52. TPG has a 12-month low of $26.62 and a 12-month high of $57.93.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same period in the prior year, the company posted $0.26 EPS. On average, equities research analysts anticipate that TPG will post 2.01 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Friday, August 16th. This is a boost from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is -1,200.00%.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total transaction of $190,342.95. Following the transaction, the director now directly owns 17,536 shares in the company, valued at $816,300.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 76.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TPG

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in TPG during the 2nd quarter worth approximately $25,000. YHB Investment Advisors Inc. acquired a new stake in TPG during the 1st quarter worth $32,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in TPG during the 1st quarter worth $112,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of TPG in the 1st quarter valued at about $151,000. Finally, MQS Management LLC acquired a new stake in TPG in the 1st quarter valued at about $201,000. 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.