Analysts Set TPG Inc. (NASDAQ:TPG) PT at $57.67

TPG Inc. (NASDAQ:TPG) has received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $58.83.

A number of analysts have commented on the stock. Morgan Stanley upped their target price on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price objective on TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their target price on TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, TD Cowen decreased their price objective on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th.

Institutional Investors Weigh In On TPG

Several institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in shares of TPG by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 7,410 shares of the company’s stock valued at $331,000 after purchasing an additional 500 shares in the last quarter. SG Americas Securities LLC grew its holdings in TPG by 44.7% during the 1st quarter. SG Americas Securities LLC now owns 5,505 shares of the company’s stock valued at $246,000 after buying an additional 1,700 shares in the last quarter. Swiss National Bank increased its stake in TPG by 45.2% in the 1st quarter. Swiss National Bank now owns 155,100 shares of the company’s stock worth $6,933,000 after acquiring an additional 48,300 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of TPG by 9.5% during the 1st quarter. Russell Investments Group Ltd. now owns 171,758 shares of the company’s stock worth $7,678,000 after acquiring an additional 14,865 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of TPG by 21.6% during the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after acquiring an additional 1,305,799 shares during the last quarter. Institutional investors own 86.79% of the company’s stock.

TPG Stock Performance

TPG stock opened at $67.92 on Friday. The company has a market cap of $24.79 billion, a P/E ratio of -199.76, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. TPG has a 1 year low of $34.07 and a 1 year high of $70.67. The stock’s fifty day moving average price is $62.36 and its 200-day moving average price is $51.02.

TPG (NASDAQ:TPG) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The business had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same period last year, the firm posted $0.56 earnings per share. On average, equities analysts forecast that TPG will post 1.94 earnings per share for the current year.

TPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, November 14th. TPG’s dividend payout ratio (DPR) is presently -447.05%.

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.