TPG Inc. (NASDAQ:TPG) Receives $63.00 Consensus PT from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have received an average rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $63.00.

Several research analysts have recently weighed in on TPG shares. Evercore ISI increased their price target on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Morgan Stanley lifted their price objective on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. BMO Capital Markets boosted their price objective on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company upped their price target on TPG from $68.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th.

Institutional Investors Weigh In On TPG

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in TPG by 38.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,449 shares of the company’s stock valued at $3,652,000 after purchasing an additional 17,709 shares during the period. Lord Abbett & CO. LLC increased its position in shares of TPG by 146.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock valued at $96,166,000 after buying an additional 992,818 shares during the period. Franklin Resources Inc. raised its stake in TPG by 10.1% in the third quarter. Franklin Resources Inc. now owns 2,656,193 shares of the company’s stock worth $161,921,000 after buying an additional 244,373 shares in the last quarter. Geode Capital Management LLC lifted its holdings in TPG by 7.7% in the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock worth $83,023,000 after buying an additional 102,663 shares during the period. Finally, Barclays PLC boosted its position in TPG by 14,739.3% during the 3rd quarter. Barclays PLC now owns 602,029 shares of the company’s stock valued at $34,652,000 after acquiring an additional 597,972 shares in the last quarter. Institutional investors own 94.03% of the company’s stock.

TPG Stock Performance

Shares of TPG opened at $65.08 on Monday. The stock has a 50 day moving average of $66.69 and a 200 day moving average of $57.20. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of -191.41, a PEG ratio of 1.11 and a beta of 1.49. TPG has a 12 month low of $38.20 and a 12 month high of $72.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. TPG had a net margin of 0.69% and a return on equity of 23.45%. During the same quarter last year, the company posted $0.56 earnings per share. As a group, sell-side analysts forecast that TPG will post 1.95 earnings per share for the current year.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.34%. The ex-dividend date was Thursday, November 14th. TPG’s dividend payout ratio is presently -447.06%.

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.