TPG Inc. (NASDAQ:TPG) Given Average Recommendation of “Hold” by Brokerages

Shares of TPG Inc. (NASDAQ:TPG) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $58.25.

Several analysts have recently commented on the stock. Citigroup lowered their price target on shares of TPG from $72.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group cut their price target on TPG from $70.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. TD Cowen decreased their price objective on TPG from $65.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods upped their target price on shares of TPG from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, BMO Capital Markets raised their price target on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th.

Insider Transactions at TPG

In related news, General Counsel Bradford Berenson sold 2,509 shares of TPG 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 transaction, the general counsel now owns 290,841 shares in the company, valued at approximately $14,553,683.64. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 76.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TPG. Capital World Investors increased its stake in TPG by 484.6% during the 4th quarter. Capital World Investors now owns 3,065,321 shares of the company’s stock worth $192,625,000 after buying an additional 2,541,013 shares during the period. Norges Bank acquired a new stake in shares of TPG during the fourth quarter valued at about $100,675,000. JPMorgan Chase & Co. increased its position in shares of TPG by 2,515.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,659,703 shares of the company’s stock worth $104,296,000 after acquiring an additional 1,596,254 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of TPG by 146.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,670,719 shares of the company’s stock worth $96,166,000 after acquiring an additional 992,818 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in TPG by 66.8% in the fourth quarter. Millennium Management LLC now owns 2,243,815 shares of the company’s stock valued at $141,001,000 after purchasing an additional 898,943 shares during the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

TPG Price Performance

Shares of NASDAQ:TPG opened at $44.81 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $50.97 and a 200 day moving average price of $60.55. TPG has a 52 week low of $37.52 and a 52 week high of $72.98. The company has a market cap of $16.56 billion, a P/E ratio of -101.84, a PEG ratio of 0.80 and a beta of 1.58.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, February 11th. The company reported $0.62 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%. Research analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.73%. This is an increase from TPG’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 21st. TPG’s dividend payout ratio (DPR) is -481.82%.

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.