Brokerages Set TPG Inc. (NASDAQ:TPG) PT at $60.23

Shares of TPG Inc. (NASDAQ:TPG) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $60.23.

A number of analysts recently commented on TPG shares. Citigroup lowered their price objective on TPG from $72.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. UBS Group dropped their price target on shares of TPG from $72.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. TD Cowen cut their price objective on shares of TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 target price (down previously from $80.00) on shares of TPG in a report on Monday, April 14th. Finally, Bank of America cut their price target on TPG from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, April 4th.

TPG Price Performance

TPG opened at $53.67 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $19.83 billion, a P/E ratio of -162.64, a price-to-earnings-growth ratio of 1.12 and a beta of 1.55. The company’s 50 day simple moving average is $49.50 and its 200-day simple moving average is $54.01. TPG has a one year low of $37.52 and a one year high of $72.98.

TPG (NASDAQ:TPG) last released its earnings results on Wednesday, May 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). TPG had a net margin of 0.90% and a return on equity of 24.47%. The firm had revenue of $476.26 million during the quarter, compared to analyst estimates of $459.75 million. During the same period last year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that TPG will post 2.52 earnings per share for the current fiscal year.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.41 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.64 annualized dividend and a dividend yield of 3.06%. TPG’s dividend payout ratio is presently -496.97%.

Insider Transactions at TPG

In other TPG news, major shareholder Samantha Holloway sold 21,000,000 shares of TPG stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $46.57, for a total value of $977,970,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 69.98% of the company’s stock.

Institutional Investors Weigh In On TPG

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in TPG by 69.1% in the first quarter. Wellington Management Group LLP now owns 10,693,179 shares of the company’s stock valued at $507,177,000 after purchasing an additional 4,369,618 shares in the last quarter. Vanguard Group Inc. raised its position in TPG by 12.5% during the first quarter. Vanguard Group Inc. now owns 9,303,272 shares of the company’s stock worth $441,254,000 after acquiring an additional 1,037,225 shares in the last quarter. Temasek Holdings Private Ltd lifted its stake in TPG by 114.2% in the first quarter. Temasek Holdings Private Ltd now owns 8,529,631 shares of the company’s stock valued at $404,560,000 after acquiring an additional 4,548,452 shares during the last quarter. Capital World Investors grew its position in shares of TPG by 484.6% in the 4th quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock valued at $192,625,000 after acquiring an additional 2,541,013 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of TPG by 18.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,669,590 shares of the company’s stock worth $126,619,000 after purchasing an additional 416,520 shares during the last quarter. Institutional investors and hedge funds own 94.03% 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.