TPG (NASDAQ:TPG) Posts Earnings Results, Beats Expectations By $0.10 EPS

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

TPG Price Performance

Shares of TPG stock traded down $2.33 during trading on Tuesday, reaching $60.05. 357,430 shares of the stock traded hands, compared to its average volume of 840,884. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of -176.80, a P/E/G ratio of 0.88 and a beta of 1.49. TPG has a 52-week low of $39.18 and a 52-week high of $72.98. The business has a fifty day simple moving average of $65.85 and a two-hundred day simple moving average of $60.84.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TPG shares. Keefe, Bruyette & Woods increased their target price on TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets lifted their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price target on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Evercore ISI increased their target price on shares of TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.00.

Insider Activity at TPG

In related news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the transaction, the director now owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. This trade represents a 9.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 76.48% of the stock is owned by corporate insiders.

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.