TPG Inc. (NASDAQ:TPG) Receives $58.25 Average Price Target from Analysts

TPG Inc. (NASDAQ:TPG) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Eight investment 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 analysts that have updated their coverage on the stock in the last year is $58.25.

A number of research analysts have recently commented on TPG shares. Citigroup lowered their price objective on TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. TD Cowen lowered their price target on TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods boosted their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Finally, Bank of America cut their target price on shares of TPG from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, April 4th.

TPG Trading Up 0.0 %

NASDAQ:TPG opened at $43.51 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.25 and a current ratio of 0.18. The company has a market capitalization of $16.08 billion, a P/E ratio of -98.89, a P/E/G ratio of 0.80 and a beta of 1.58. The stock’s 50 day moving average price is $49.86 and its 200 day moving average price is $60.23. TPG has a 52 week low of $37.52 and a 52 week high of $72.98.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. On average, research analysts forecast that TPG will post 2.52 EPS for the current fiscal year.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.53 dividend. This is a boost from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.87%. TPG’s dividend payout ratio is currently -481.82%.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $50.04, for a total transaction of $125,550.36. Following the completion of the transaction, the general counsel now owns 290,841 shares in the company, valued at $14,553,683.64. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 76.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vicus Capital bought a new stake in TPG during the first quarter worth about $204,000. QRG Capital Management Inc. increased its holdings in TPG by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 8,010 shares of the company’s stock valued at $380,000 after purchasing an additional 521 shares in the last quarter. Wesbanco Bank Inc. bought a new position in TPG in the 1st quarter valued at $522,000. GAMMA Investing LLC boosted its stake in TPG by 5,612.3% in the first quarter. GAMMA Investing LLC now owns 28,790 shares of the company’s stock worth $1,366,000 after purchasing an additional 28,286 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of TPG by 12,263.6% during the first quarter. Versant Capital Management Inc now owns 1,360 shares of the company’s stock worth $65,000 after purchasing an additional 1,349 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.