TPG Inc. (NASDAQ:TPG) Receives $63.18 Consensus Price Target from Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have received a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.18.

Several equities analysts have issued reports on the company. Evercore ISI boosted their target price on TPG from $65.00 to $66.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. JMP Securities reiterated a “market perform” rating on shares of TPG in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of TPG from $78.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Keefe, Bruyette & Woods upped their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets lifted their price target on shares of TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th.

TPG Trading Up 4.5 %

NASDAQ TPG opened at $52.24 on Friday. The firm’s fifty day moving average is $58.50 and its two-hundred day moving average is $61.92. TPG has a one year low of $39.18 and a one year high of $72.98. 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 firm has a market cap of $19.30 billion, a PE ratio of -118.73, a P/E/G ratio of 0.80 and a beta of 1.54.

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

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.53 per share. The ex-dividend date was Friday, February 21st. This represents a $2.12 dividend on an annualized basis and a yield of 4.06%. This is a positive change from TPG’s previous quarterly dividend of $0.38. TPG’s dividend payout ratio (DPR) is -481.82%.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the transaction, the director now owns 15,841 shares of the company’s stock, valued at $980,716.31. This trade represents a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Bradford Berenson sold 2,509 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total transaction of $125,550.36. Following the sale, the general counsel now directly owns 290,841 shares of the company’s stock, valued at $14,553,683.64. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its stake in shares of TPG by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,946 shares of the company’s stock valued at $2,322,000 after buying an additional 230 shares in the last quarter. Shoker Investment Counsel Inc. lifted its position in shares of TPG by 10.4% in the 4th quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after buying an additional 366 shares during the last quarter. Comerica Bank boosted its holdings in shares of TPG by 71.4% during the fourth quarter. Comerica Bank now owns 1,080 shares of the company’s stock valued at $68,000 after acquiring an additional 450 shares during the period. KBC Group NV grew its holdings in TPG by 25.1% in the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after buying an additional 482 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of TPG by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,021 shares of the company’s stock valued at $504,000 after acquiring an additional 498 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.