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

Shares of TPG Inc. (NASDAQ:TPG) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $39.96.

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of TPG in a research note on Monday, April 1st. UBS Group raised their price objective on TPG from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Citigroup boosted their price objective on TPG from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. TheStreet cut shares of TPG from a “c” rating to a “d” rating in a research note on Monday, March 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $42.00 price target (up from $36.00) on shares of TPG in a research report on Wednesday, February 14th.

Insider Transactions at TPG

In related news, CAO Martin Davidson sold 39,317 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 30,991 shares in the company, valued at $1,290,465.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Joann Harris sold 1,739 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Martin Davidson sold 39,317 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were 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 directly owns 30,991 shares in the company, 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 currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TPG. Norges Bank bought a new position in TPG during the 4th quarter worth about $52,189,000. Massachusetts Financial Services Co. MA increased its holdings in TPG by 18.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,956,548 shares of the company’s stock valued at $127,634,000 after buying an additional 462,355 shares during the period. Vanguard Group Inc. raised its stake in TPG by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock worth $261,199,000 after buying an additional 320,972 shares in the last quarter. Grafton Street Partners Fund LP bought a new position in TPG in the fourth quarter worth approximately $11,479,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in TPG by 72.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 630,412 shares of the company’s stock worth $18,988,000 after buying an additional 265,706 shares during the period. Institutional investors own 86.79% of the company’s stock.

TPG Trading Up 1.2 %

NASDAQ:TPG opened at $44.17 on Wednesday. TPG has a 12 month low of $24.74 and a 12 month high of $47.20. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of -1,103.97, a P/E/G ratio of 0.75 and a beta of 1.60. The company has a 50-day moving average price of $44.33 and a 200-day moving average price of $40.11. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.28.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.10. The business had revenue of $529.90 million for the quarter, compared to analysts’ expectations of $395.30 million. TPG had a return on equity of 18.69% and a net margin of 3.35%. The firm’s quarterly revenue was up 51.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. Equities analysts predict that TPG will post 2.09 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 issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.98%. TPG’s dividend payout ratio (DPR) is presently -4,398.90%.

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.