UBS Group Raises TPG (NASDAQ:TPG) Price Target to $50.00

TPG (NASDAQ:TPG) had its target price boosted by UBS Group from $45.00 to $50.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods upped their price objective on TPG from $42.00 to $48.00 and gave the company a market perform rating in a research note on Wednesday, February 14th. Morgan Stanley upped their target price on TPG from $31.00 to $40.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. BMO Capital Markets reiterated a market perform rating and issued a $42.00 target price (up from $36.00) on shares of TPG in a report on Wednesday, February 14th. Citigroup upped their target price on TPG from $46.00 to $50.00 and gave the company a buy rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group reiterated a buy rating on shares of TPG in a report on Monday, April 1st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $39.96.

TPG Trading Down 2.0 %

Shares of TPG stock opened at $42.46 on Friday. The firm has a 50-day moving average of $44.34 and a 200-day moving average of $38.79. The stock has a market cap of $15.48 billion, a PE ratio of -1,061.23, a PEG ratio of 0.74 and a beta of 1.62. TPG has a 52-week low of $24.74 and a 52-week high of $47.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.16 and a current ratio of 0.16.

TPG (NASDAQ:TPG) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. The business had revenue of $529.90 million during the quarter, compared to the consensus estimate of $395.30 million. TPG had a return on equity of 18.69% and a net margin of 3.35%. TPG’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. As a group, sell-side analysts forecast that TPG will post 2.1 EPS for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, February 22nd. TPG’s dividend payout ratio is presently -4,398.90%.

Insider Transactions at TPG

In other news, CAO Martin Davidson sold 39,317 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now owns 30,991 shares in the company, valued at approximately $1,290,465.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TPG news, insider Joann Harris sold 1,739 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $72,411.96. Following the completion of the transaction, the insider now owns 22,860 shares in the company, valued at approximately $951,890.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Martin Davidson sold 39,317 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total value of $1,637,159.88. Following the completion of the transaction, the chief accounting officer now owns 30,991 shares of the company’s stock, valued at approximately $1,290,465.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,434,129 shares of company stock worth $101,357,132. 78.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in TPG by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock worth $261,199,000 after purchasing an additional 320,972 shares during the period. Capital International Investors bought a new stake in shares of TPG during the 1st quarter valued at about $114,248,000. Capital Research Global Investors bought a new stake in shares of TPG during the 1st quarter valued at about $114,229,000. BlackRock Inc. boosted its position in shares of TPG by 59.2% during the 2nd quarter. BlackRock Inc. now owns 3,491,227 shares of the company’s stock valued at $102,153,000 after acquiring an additional 1,298,069 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of TPG by 18.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock valued at $127,634,000 after acquiring an additional 462,355 shares during the last quarter. Institutional investors own 86.79% 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.