TPG Inc. (NASDAQ:TPG) Receives Consensus Recommendation of “Hold” from Analysts

TPG Inc. (NASDAQ:TPG) has earned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $44.42.

Several research analysts have recently commented on TPG shares. JPMorgan Chase & Co. lifted their price target on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. TD Cowen reduced their target price 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.

Insider Activity at TPG

In other news, Director Deborah M. Messemer sold 4,089 shares of the 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 sale, the director now owns 17,536 shares of the company’s stock, valued at $816,300.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 76.48% of the company’s stock.

Institutional Trading of TPG

A number of large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its stake in TPG by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,132 shares of the company’s stock worth $296,000 after purchasing an additional 230 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of TPG by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 28,460 shares of the company’s stock worth $1,229,000 after buying an additional 280 shares during the period. Janney Montgomery Scott LLC raised 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 acquiring an additional 500 shares in the last quarter. International Assets Investment Management LLC purchased a new position in TPG in the second quarter worth approximately $25,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in TPG by 5.8% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

TPG Stock Down 1.8 %

NASDAQ TPG opened at $48.74 on Tuesday. The business has a fifty day moving average price of $46.84 and a 200 day moving average price of $44.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $17.77 billion, a P/E ratio of -348.14, a P/E/G ratio of 0.85 and a beta of 1.52. TPG has a one year low of $26.62 and a one year high of $51.62.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 earnings per share. Research analysts anticipate that TPG will post 2.01 EPS for the current fiscal year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.42 dividend. The ex-dividend date was Friday, August 16th. This is a boost from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.45%. TPG’s payout ratio is presently -1,200.00%.

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.